Crossmark Global Holdings Inc. Grows Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Crossmark Global Holdings Inc. boosted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,931 shares of the company's stock after acquiring an additional 3,906 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.12% of Grand Canyon Education worth $4,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Grand Canyon Education by 47.7% in the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company's stock worth $74,452,000 after buying an additional 173,800 shares in the last quarter. Acadian Asset Management LLC boosted its position in Grand Canyon Education by 78.5% during the first quarter. Acadian Asset Management LLC now owns 308,357 shares of the company's stock worth $41,977,000 after purchasing an additional 135,626 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Grand Canyon Education by 41.0% in the second quarter. Renaissance Technologies LLC now owns 285,057 shares of the company's stock valued at $39,882,000 after purchasing an additional 82,855 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Grand Canyon Education by 89.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company's stock valued at $24,215,000 after buying an additional 81,853 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Grand Canyon Education by 42.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company's stock worth $30,833,000 after buying an additional 65,518 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Robert W. Baird boosted their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. Barrington Research upped their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets upped their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th.

Insiders Place Their Bets

In related news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company's stock, valued at approximately $3,202,249.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Grand Canyon Education Stock Performance

NASDAQ LOPE traded up $1.05 during trading hours on Tuesday, hitting $171.61. The company had a trading volume of 48,509 shares, compared to its average volume of 181,308. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37. The company has a market cap of $5.00 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.43 and a beta of 0.70. The business has a 50 day moving average of $140.47 and a 200-day moving average of $142.13.

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

About Grand Canyon Education

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.