Natixis Advisors LLC Makes New $1.44 Million Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Natixis Advisors LLC bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,153 shares of the company's stock, valued at approximately $1,440,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. grew its position in shares of Grand Canyon Education by 1.3% during the second quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company's stock worth $118,971,000 after acquiring an additional 11,179 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of Grand Canyon Education by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company's stock worth $105,908,000 after acquiring an additional 11,540 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Grand Canyon Education by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company's stock worth $100,197,000 after acquiring an additional 12,509 shares during the last quarter. AQR Capital Management LLC grew its position in shares of 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 last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Grand Canyon Education by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 404,056 shares of the company's stock worth $56,532,000 after acquiring an additional 4,074 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Down 0.7 %

LOPE stock opened at $166.64 on Wednesday. The company has a market capitalization of $4.86 billion, a P/E ratio of 21.90, a PEG ratio of 1.39 and a beta of 0.70. The company has a 50-day simple moving average of $145.67 and a 200 day simple moving average of $144.18. Grand Canyon Education, Inc. has a fifty-two week low of $118.48 and a fifty-two week high of $173.37.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. During the same period in the prior year, the company earned $1.26 EPS. Grand Canyon Education's revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Analyst Ratings Changes

LOPE has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Barrington Research upped their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value 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 represents a 6.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

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.