AlphaQuest LLC decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 65.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,052 shares of the company's stock after selling 9,760 shares during the period. AlphaQuest LLC's holdings in Grand Canyon Education were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Grand Canyon Education in the 4th quarter valued at $27,000. True Wealth Design LLC acquired a new stake in Grand Canyon Education during the 3rd quarter worth about $31,000. Financial Life Planners purchased a new position in shares of Grand Canyon Education during the 4th quarter valued at about $37,000. Versant Capital Management Inc lifted its holdings in shares of Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock valued at $69,000 after buying an additional 167 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Grand Canyon Education by 22.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.
Grand Canyon Education Trading Up 2.5 %
NASDAQ:LOPE traded up $4.05 during trading hours on Friday, reaching $168.91. 216,438 shares of the company were exchanged, compared to its average volume of 166,329. The firm has a market cap of $4.85 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The stock's 50-day moving average is $174.25 and its 200-day moving average is $158.82.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on LOPE. BMO Capital Markets lifted their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Barrington Research lifted their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.
Check Out Our Latest Analysis on Grand Canyon Education
Insiders Place Their Bets
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.
Grand Canyon Education Profile
(
Free Report)
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.
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