Y Intercept Hong Kong Ltd trimmed its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,711 shares of the company's stock after selling 2,833 shares during the period. Y Intercept Hong Kong Ltd's holdings in Grand Canyon Education were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOPE. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Grand Canyon Education during the 4th quarter valued at about $27,000. Reston Wealth Management LLC acquired a new position in shares of Grand Canyon Education in the third quarter worth about $28,000. True Wealth Design LLC purchased a new stake in shares of Grand Canyon Education during the 3rd quarter worth about $31,000. Financial Life Planners purchased a new position in shares of Grand Canyon Education in the 4th quarter valued at about $37,000. Finally, Versant Capital Management Inc raised its holdings in Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after purchasing an additional 167 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.
Grand Canyon Education Stock Performance
Shares of NASDAQ LOPE traded up $1.32 during mid-day trading on Wednesday, reaching $181.00. 250,886 shares of the company's stock were exchanged, compared to its average volume of 164,612. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.42 and a beta of 0.78. The company's 50-day moving average is $173.61 and its 200-day moving average is $157.77. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. As a group, equities analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares of the company's stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of 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 raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Barrington Research upped their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets upped their target price on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, February 21st.
Check Out Our Latest Stock Analysis on LOPE
Grand Canyon Education Company Profile
(
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.
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