Harbor Capital Advisors Inc. Increases Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Harbor Capital Advisors Inc. boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 50.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,319 shares of the company's stock after acquiring an additional 14,207 shares during the period. Harbor Capital Advisors Inc. owned about 0.14% of Grand Canyon Education worth $6,003,000 as of its most recent SEC filing.

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

Grand Canyon Education Trading Up 0.9 %

Shares of Grand Canyon Education stock traded up $1.18 during trading hours on Monday, hitting $137.32. 109,160 shares of the company were exchanged, compared to its average volume of 175,968. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.15 and a beta of 0.70. The business has a 50-day moving average of $138.81 and a 200-day moving average of $140.94. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $157.53.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Barrington Research reissued an "outperform" rating and set a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th. Finally, BMO Capital Markets upped their target price on shares of 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 news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.