Allspring Global Investments Holdings LLC Cuts Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Allspring Global Investments Holdings LLC lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 155,257 shares of the company’s stock after selling 14,810 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Grand Canyon Education were worth $25,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Grand Canyon Education during the 3rd quarter valued at $1,867,000. Thrivent Financial for Lutherans boosted its position in Grand Canyon Education by 4.8% during the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after purchasing an additional 19,577 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Grand Canyon Education by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock valued at $352,000 after purchasing an additional 209 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in Grand Canyon Education by 113.7% in the third quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock worth $1,307,000 after purchasing an additional 4,901 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Grand Canyon Education by 9.8% during the third quarter. Raymond James & Associates now owns 66,160 shares of the company’s stock valued at $9,385,000 after buying an additional 5,902 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LOPE. Barrington Research reaffirmed an “outperform” rating and set a $180.00 price target on shares of Grand Canyon Education in a research report on Monday, January 27th. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Grand Canyon Education Trading Up 0.4 %

LOPE opened at $183.70 on Friday. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $185.52. The firm has a 50 day moving average of $169.40 and a two-hundred day moving average of $154.53. The firm has a market capitalization of $5.35 billion, a PE ratio of 24.14, a P/E/G ratio of 1.37 and a beta of 0.74.

Insider Buying and Selling

In other news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.