Summit Trail Advisors LLC Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Summit Trail Advisors LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,711 shares of the company's stock, valued at approximately $280,000.

Several other large investors also recently made changes to their positions in LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education during the fourth quarter worth $27,000. Reston Wealth Management LLC acquired a new position in shares of Grand Canyon Education during the 3rd quarter worth about $28,000. True Wealth Design LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter valued at about $31,000. Financial Life Planners acquired a new stake in Grand Canyon Education in the 4th quarter valued at about $37,000. Finally, Capital Performance Advisors LLP bought a new position in Grand Canyon Education during the third quarter worth about $60,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LOPE shares. Robert W. Baird upped their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Barrington Research reaffirmed an "outperform" rating and set a $180.00 price objective on shares of Grand Canyon Education in a research report on Monday, January 27th. Finally, BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE traded up $0.76 during trading hours on Friday, reaching $183.70. 150,330 shares of the stock were exchanged, compared to its average volume of 120,363. The stock's fifty day simple moving average is $169.40 and its 200 day simple moving average is $154.53. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 1.37 and a beta of 0.74. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $185.52.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares of the company's stock, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company 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.