Massachusetts Financial Services Co. MA Has $60.43 Million Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Massachusetts Financial Services Co. MA lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 368,920 shares of the company’s stock after selling 16,300 shares during the period. Massachusetts Financial Services Co. MA owned 1.27% of Grand Canyon Education worth $60,429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Grand Canyon Education during the fourth quarter valued at about $27,000. Financial Life Planners bought a new position in shares of Grand Canyon Education in the 4th quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd acquired a new stake in Grand Canyon Education in the 4th quarter worth approximately $59,000. Versant Capital Management Inc boosted its position in Grand Canyon Education by 66.0% during the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after purchasing an additional 167 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Grand Canyon Education during the third quarter valued at approximately $86,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $167.21 on Friday. The stock has a market cap of $4.80 billion, a P/E ratio of 21.60, a PEG ratio of 1.42 and a beta of 0.82. The company has a fifty day moving average price of $176.11 and a 200 day moving average price of $162.37. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

LOPE has been the subject of a number of analyst reports. Barrington Research boosted their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. BMO Capital Markets upped their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

Grand Canyon Education 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.