State Street Corp Grows Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

State Street Corp grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 883,971 shares of the company's stock after purchasing an additional 8,159 shares during the quarter. State Street Corp owned approximately 3.03% of Grand Canyon Education worth $125,391,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Grand Canyon Education in the third quarter worth $1,867,000. Thrivent Financial for Lutherans grew its stake in shares of Grand Canyon Education by 4.8% in the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company's stock worth $60,092,000 after acquiring an additional 19,577 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock valued at $1,307,000 after buying an additional 4,901 shares during the period. Quest Partners LLC lifted its stake in shares of Grand Canyon Education by 530.4% in the 2nd quarter. Quest Partners LLC now owns 12,299 shares of the company's stock worth $1,721,000 after purchasing an additional 10,348 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in 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 worth $24,215,000 after purchasing an additional 81,853 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Buying and Selling

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 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 of the company's stock, valued at $3,202,249.02. This trade represents a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LOPE shares. Robert W. Baird upped their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. BMO Capital Markets raised their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Barrington Research boosted their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock traded down $2.47 during trading on Friday, hitting $166.79. The stock had a trading volume of 110,191 shares, compared to its average volume of 182,042. The stock has a market cap of $4.86 billion, a PE ratio of 21.92, a PEG ratio of 1.41 and a beta of 0.76. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37. The firm's fifty day simple moving average is $152.28 and its 200-day simple moving average is $146.18.

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, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. Analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal 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.