Nisa Investment Advisors LLC Has $1.89 Million Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Nisa Investment Advisors LLC trimmed its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 26.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,347 shares of the company's stock after selling 4,874 shares during the quarter. Nisa Investment Advisors LLC's holdings in Grand Canyon Education were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in Grand Canyon Education by 47.7% during the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company's stock worth $74,452,000 after acquiring an additional 173,800 shares during the period. Acadian Asset Management LLC grew its stake in shares of Grand Canyon Education by 78.5% in the 1st quarter. Acadian Asset Management LLC now owns 308,357 shares of the company's stock worth $41,977,000 after purchasing an additional 135,626 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Grand Canyon Education by 41.0% in the 2nd quarter. Renaissance Technologies LLC now owns 285,057 shares of the company's stock worth $39,882,000 after purchasing an additional 82,855 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Grand Canyon Education by 89.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company's stock valued at $24,215,000 after purchasing an additional 81,853 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Grand Canyon Education by 42.3% during the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company's stock worth $30,833,000 after buying an additional 65,518 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction 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 transaction, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barrington Research reiterated an "outperform" rating and set a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th. BMO Capital Markets upped their target price on Grand Canyon Education from $160.00 to $162.00 and gave the company 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.

Grand Canyon Education Trading Down 0.7 %

NASDAQ:LOPE traded down $0.97 during trading hours on Friday, hitting $136.14. 131,163 shares of the stock traded hands, compared to its average volume of 134,452. The firm has a 50 day moving average price of $138.81 and a 200 day moving average price of $140.94. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.15 and a beta of 0.70. Grand Canyon Education, Inc. has a fifty-two week low of $118.48 and a fifty-two week high of $157.53.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share 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 analyst estimates of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. Grand Canyon Education's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. Research analysts predict that Grand Canyon Education, Inc. will post 7.98 EPS for the current 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.