Fmr LLC Buys 141,648 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

FMR LLC grew its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,323,406 shares of the company's stock after purchasing an additional 141,648 shares during the quarter. FMR LLC owned about 4.54% of Grand Canyon Education worth $187,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Reston Wealth Management LLC acquired a new stake in shares of Grand Canyon Education during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company's stock worth $40,000 after acquiring an additional 283 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Grand Canyon Education in the 3rd quarter valued at approximately $60,000. Blue Trust Inc. boosted its position in shares of Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company's stock valued at $83,000 after purchasing an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Grand Canyon Education by 46.1% in the second quarter. GAMMA Investing LLC now owns 640 shares of the company's stock valued at $90,000 after acquiring an additional 202 shares during the period. Institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction 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 transaction, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. This trade represents a 6.21 % decrease in their position. The sale 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 company insiders.

Grand Canyon Education Stock Performance

NASDAQ:LOPE traded down $1.02 during trading hours on Tuesday, reaching $166.07. The company's stock had a trading volume of 82,219 shares, compared to its average volume of 183,316. The stock has a 50 day moving average price of $147.50 and a two-hundred day moving average price of $144.75. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37. The company has a market capitalization of $4.84 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.37 and a beta of 0.76.

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

Grand Canyon Education 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.