Mutual of America Capital Management LLC Sells 880 Shares of Grand Canyon Education, Inc. $LOPE

Mutual of America Capital Management LLC cut its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,912 shares of the company’s stock after selling 880 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Grand Canyon Education were worth $2,629,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Grand Canyon Education in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in Grand Canyon Education in the first quarter worth about $35,000. WPG Advisers LLC bought a new position in Grand Canyon Education in the first quarter worth about $44,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Grand Canyon Education by 58.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock worth $45,000 after purchasing an additional 96 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Grand Canyon Education by 2,172.7% in the second quarter. IFP Advisors Inc now owns 250 shares of the company’s stock worth $47,000 after purchasing an additional 239 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LOPE shares. BMO Capital Markets reduced their target price on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, July 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Grand Canyon Education in a research note on Tuesday, October 14th. Zacks Research lowered Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Barrington Research restated an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Grand Canyon Education has an average rating of “Moderate Buy” and an average target price of $208.67.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $218.35 on Friday. Grand Canyon Education, Inc. has a fifty-two week low of $132.57 and a fifty-two week high of $223.04. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.62 and a beta of 0.76. The stock’s 50-day simple moving average is $209.31 and its 200-day simple moving average is $192.25.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.16. The firm had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.Grand Canyon Education’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

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.