Cerity Partners LLC Raises Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Cerity Partners LLC grew its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 41.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,995 shares of the company's stock after purchasing an additional 6,184 shares during the quarter. Cerity Partners LLC owned approximately 0.07% of Grand Canyon Education worth $2,978,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Icon Wealth Advisors LLC grew its position in shares of Grand Canyon Education by 113.7% in the third quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock valued at $1,307,000 after purchasing an additional 4,901 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Grand Canyon Education by 5.9% in the 3rd quarter. Raymond James Trust N.A. now owns 1,983 shares of the company's stock valued at $281,000 after buying an additional 111 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Grand Canyon Education by 0.3% in the 3rd 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 last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Grand Canyon Education in the 3rd quarter worth $1,867,000. Finally, Quest Partners LLC raised its holdings in shares of Grand Canyon Education by 20.4% during the 3rd quarter. Quest Partners LLC now owns 14,812 shares of the company's stock worth $2,101,000 after acquiring an additional 2,513 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LOPE shares. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Barrington Research lifted their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares of the company's stock, valued at approximately $3,202,249.02. This trade represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company's stock.

Grand Canyon Education Stock Down 0.1 %

LOPE stock traded down $0.20 during mid-day trading on Friday, hitting $164.59. 94,531 shares of the company were exchanged, compared to its average volume of 252,757. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $173.37. The firm has a market capitalization of $4.80 billion, a P/E ratio of 21.63, a PEG ratio of 1.37 and a beta of 0.70. The business has a fifty day simple moving average of $147.04 and a 200-day simple moving average of $144.59.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. The firm had revenue of $238.30 million during the quarter, compared to analysts' expectations of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.26 EPS. Research analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS 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.