Holocene Advisors LP Invests $1.71 Million in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Holocene Advisors LP bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,060 shares of the company's stock, valued at approximately $1,711,000.

Other large investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new position in Grand Canyon Education in the 3rd quarter worth approximately $28,000. True Wealth Design LLC acquired a new stake in Grand Canyon Education during the third quarter worth $31,000. Capital Performance Advisors LLP acquired a new position in shares of Grand Canyon Education in the 3rd quarter valued at $60,000. Blue Trust Inc. lifted its holdings 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 worth $83,000 after acquiring an additional 533 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Grand Canyon Education by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 767 shares of the company's stock valued at $109,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Grand Canyon Education

In related 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 sale, the chief technology officer now owns 22,674 shares of the company's stock, valued at $3,202,249.02. This trade represents a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Stock Performance

Grand Canyon Education stock traded down $2.01 during trading hours on Friday, hitting $167.79. 99,938 shares of the stock were exchanged, compared to its average volume of 233,381. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37. The business's 50-day moving average is $149.52 and its two-hundred day moving average is $145.38. The stock has a market capitalization of $4.89 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.41 and a beta of 0.76.

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 for the quarter, beating 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 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 period last year, the firm posted $1.26 EPS. On average, equities analysts predict that Grand Canyon Education, Inc. will post 8.03 earnings per share 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.