International Assets Investment Management LLC Purchases 20,987 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

International Assets Investment Management LLC grew its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 14,085.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,136 shares of the company's stock after purchasing an additional 20,987 shares during the quarter. International Assets Investment Management LLC owned about 0.07% of Grand Canyon Education worth $29,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOPE. Raymond James & Associates increased its stake in Grand Canyon Education by 9.8% in the third quarter. Raymond James & Associates now owns 66,160 shares of the company's stock valued at $9,385,000 after purchasing an additional 5,902 shares in the last quarter. Blue Trust Inc. increased its stake in Grand Canyon Education by 138.7% in the third quarter. Blue Trust Inc. now owns 1,451 shares of the company's stock valued at $203,000 after purchasing an additional 843 shares in the last quarter. Net Worth Advisory Group bought a new stake in Grand Canyon Education in the third quarter valued at $250,000. Trust Point Inc. increased its stake in Grand Canyon Education by 2.4% in the third quarter. Trust Point Inc. now owns 16,685 shares of the company's stock valued at $2,367,000 after purchasing an additional 387 shares in the last quarter. Finally, NBC Securities Inc. grew its position in Grand Canyon Education by 12.6% in the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company's stock valued at $121,000 after purchasing an additional 96 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

LOPE stock traded up $2.93 during mid-day trading on Tuesday, hitting $136.33. The company had a trading volume of 153,582 shares, compared to its average volume of 176,923. The stock's fifty day moving average price is $139.11 and its two-hundred day moving average price is $140.80. Grand Canyon Education, Inc. has a 12 month low of $117.02 and a 12 month high of $157.53. The firm has a market cap of $4.02 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.10 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company had revenue of $227.50 million during the quarter, compared to analyst estimates of $223.56 million. During the same quarter last year, the firm posted $1.01 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts anticipate that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on LOPE. Barrington Research reissued an "outperform" rating and issued a $165.00 price target on shares of Grand Canyon Education in a research report on Friday, September 20th. BMO Capital Markets upped their price target on Grand Canyon Education from $160.00 to $162.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Finally, StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the 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 sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

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.