Van Berkom & Associates Inc. lowered its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 677,774 shares of the company's stock after selling 39,181 shares during the period. Grand Canyon Education makes up about 3.3% of Van Berkom & Associates Inc.'s holdings, making the stock its 5th biggest position. Van Berkom & Associates Inc. owned 2.33% of Grand Canyon Education worth $111,019,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth approximately $27,000. Reston Wealth Management LLC bought a new position in Grand Canyon Education during the third quarter worth $28,000. True Wealth Design LLC acquired a new stake in Grand Canyon Education in the third quarter worth $31,000. Financial Life Planners bought a new stake in Grand Canyon Education in the fourth quarter valued at $37,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Grand Canyon Education during the third quarter valued at about $60,000. 94.17% of the stock is currently owned by institutional investors.
Insider Activity 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, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. BMO Capital Markets boosted their target price on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday. Barrington Research raised their price objective on Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Robert W. Baird upped their target price on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th.
View Our Latest Report on LOPE
Grand Canyon Education Trading Down 0.1 %
Shares of LOPE traded down $0.22 on Tuesday, reaching $177.38. The company's stock had a trading volume of 88,666 shares, compared to its average volume of 153,248. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The stock has a market capitalization of $5.10 billion, a PE ratio of 22.92, a PEG ratio of 1.42 and a beta of 0.74. The firm has a fifty day moving average of $171.23 and a 200-day moving average of $156.03.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. As a group, equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.
About Grand Canyon Education
(
Free Report)
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.
Featured Articles
Before you consider Grand Canyon Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grand Canyon Education wasn't on the list.
While Grand Canyon Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
