Icon Wealth Advisors LLC Purchases 4,901 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Icon Wealth Advisors LLC raised its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 113.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,213 shares of the company's stock after buying an additional 4,901 shares during the quarter. Icon Wealth Advisors LLC's holdings in Grand Canyon Education were worth $1,307,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new position in shares of Grand Canyon Education in the 3rd quarter valued at about $28,000. Versant Capital Management Inc lifted its stake in shares of Grand Canyon Education by 14,150.0% in the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company's stock valued at $40,000 after purchasing an additional 283 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Grand Canyon Education in the 3rd quarter worth approximately $60,000. Blue Trust Inc. increased 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 during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company's stock valued at $90,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

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

Grand Canyon Education Stock Up 2.7 %

LOPE stock traded up $4.32 during trading on Friday, hitting $166.45. The company had a trading volume of 200,094 shares, compared to its average volume of 246,751. Grand Canyon Education, Inc. has a 52-week low of $118.48 and a 52-week high of $173.37. The company has a 50 day simple moving average of $144.70 and a 200-day simple moving average of $143.92. The firm has a market capitalization of $4.85 billion, a P/E ratio of 21.87, a PEG ratio of 1.35 and a beta of 0.70.

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

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction dated 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 sale, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. The trade was a 6.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

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.