Callan Family Office LLC bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,299 shares of the company's stock, valued at approximately $704,000.
Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings in Grand Canyon Education by 12.0% during the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company's stock valued at $187,725,000 after purchasing an additional 141,648 shares during the period. State Street Corp grew its position in shares of Grand Canyon Education by 0.9% in the 3rd quarter. State Street Corp now owns 883,971 shares of the company's stock worth $125,391,000 after buying an additional 8,159 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock valued at $72,878,000 after buying an additional 68,579 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of 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 acquiring an additional 19,577 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Grand Canyon Education by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company's stock worth $47,185,000 after acquiring an additional 1,101 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on LOPE. StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Barrington Research increased their price target 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. Finally, BMO Capital Markets lifted their price objective 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.
Read Our Latest Research Report on LOPE
Grand Canyon Education Stock Up 0.3 %
Shares of NASDAQ:LOPE traded up $0.52 during midday trading on Wednesday, reaching $168.57. The company's stock had a trading volume of 212,613 shares, compared to its average volume of 165,691. The firm has a 50 day moving average of $174.09 and a 200-day moving average of $158.70. The firm has a market capitalization of $4.84 billion, a P/E ratio of 21.78, a PEG ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.02. The firm had revenue of $292.57 million for the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.
Insider Activity at Grand Canyon Education
In other news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the transaction, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction 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 insiders.
Grand Canyon Education Company Profile
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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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