Erste Asset Management GmbH raised its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 25.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,587 shares of the company's stock after buying an additional 8,551 shares during the period. Erste Asset Management GmbH owned about 0.15% of Grand Canyon Education worth $6,973,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Grand Canyon Education in the 3rd quarter worth $1,867,000. Thrivent Financial for Lutherans increased its holdings in shares of Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company's stock worth $60,092,000 after buying an additional 19,577 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Grand Canyon Education by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock worth $352,000 after buying an additional 209 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of Grand Canyon Education by 113.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock worth $1,307,000 after buying an additional 4,901 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Grand Canyon Education in the 4th quarter worth $255,000. Institutional investors own 94.17% of the company's stock.
Insider Buying and Selling at Grand Canyon Education
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the sale, the chief technology officer now owns 21,174 shares of the company's stock, valued at $3,516,366.18. This represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.
Grand Canyon Education Stock Performance
Shares of LOPE stock traded down $2.39 on Tuesday, hitting $167.25. 124,179 shares of the company's stock traded hands, compared to its average volume of 167,982. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 1.42 and a beta of 0.78. The company's fifty day simple moving average is $174.53 and its 200 day simple moving average is $159.42. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.
Analyst Ratings Changes
LOPE has been the topic of several recent research reports. Barrington Research increased their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets increased their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, February 21st.
Check Out Our Latest Report on LOPE
About Grand Canyon Education
(
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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