18,487 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,487 shares of the company's stock, valued at approximately $2,622,000. Oak Ridge Investments LLC owned approximately 0.06% of Grand Canyon Education as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in LOPE. Reston Wealth Management LLC acquired a new position in Grand Canyon Education during the third quarter worth $28,000. Custom Index Systems LLC bought a new stake in Grand Canyon Education during the 3rd quarter worth about $397,000. State of Alaska Department of Revenue boosted its stake in shares of Grand Canyon Education by 0.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 71,386 shares of the company's stock worth $10,125,000 after buying an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Grand Canyon Education by 33.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,162 shares of the company's stock valued at $590,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Grand Canyon Education by 19.5% in the third quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company's stock valued at $37,361,000 after acquiring an additional 43,005 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 of the company's stock, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company's stock.

Grand Canyon Education Stock Down 0.7 %

Shares of LOPE stock traded down $0.97 during trading on Friday, reaching $136.14. 127,724 shares of the company's stock were exchanged, compared to its average volume of 176,267. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $157.53. The firm's fifty day moving average price is $138.93 and its 200-day moving average price is $140.75. The stock has a market capitalization of $4.01 billion, a PE ratio of 18.58, a PEG ratio of 1.15 and a beta of 0.69.

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

Wall Street Analysts Forecast Growth

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

About Grand Canyon Education

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.