Raymond James & Associates Has $9.39 Million Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Raymond James & Associates grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 9.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,160 shares of the company's stock after purchasing an additional 5,902 shares during the quarter. Raymond James & Associates owned about 0.22% of Grand Canyon Education worth $9,385,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of Grand Canyon Education by 138.7% in the 3rd quarter. Blue Trust Inc. now owns 1,451 shares of the company's stock valued at $203,000 after buying an additional 843 shares in the last quarter. Net Worth Advisory Group bought a new stake in shares of Grand Canyon Education in the 3rd quarter valued at $250,000. Trust Point Inc. increased its position in shares of Grand Canyon Education by 2.4% in the 3rd quarter. Trust Point Inc. now owns 16,685 shares of the company's stock valued at $2,367,000 after buying an additional 387 shares in the last quarter. NBC Securities Inc. increased its holdings in Grand Canyon Education by 12.6% during the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company's stock worth $121,000 after purchasing an additional 96 shares in the last quarter. Finally, Creative Planning increased its holdings in Grand Canyon Education by 2.4% during the 3rd quarter. Creative Planning now owns 4,723 shares of the company's stock worth $670,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Stock Performance

NASDAQ:LOPE traded up $1.02 during mid-day trading on Wednesday, hitting $137.35. The stock had a trading volume of 121,872 shares, compared to its average volume of 176,660. Grand Canyon Education, Inc. has a twelve month low of $117.02 and a twelve month high of $157.53. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.10 and a beta of 0.69. The company's 50 day simple moving average is $139.11 and its 200 day simple moving average is $140.80.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on LOPE shares. Barrington Research reiterated an "outperform" rating and set a $165.00 target price on shares of Grand Canyon Education in a report on Friday, September 20th. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th.

Insiders Place Their Bets

In other Grand Canyon Education 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 transaction of $211,845.00. Following the completion of the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company's stock.

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.