Versor Investments LP Invests $241,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Versor Investments LP purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,700 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Alliance boosted its stake in shares of Grand Canyon Education by 3.8% in the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock valued at $340,000 after purchasing an additional 89 shares during the last quarter. NBC Securities Inc. boosted its stake in Grand Canyon Education by 12.6% in the third quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after acquiring an additional 96 shares during the last quarter. Capital Insight Partners LLC grew its holdings in Grand Canyon Education by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock worth $592,000 after acquiring an additional 105 shares during the period. Allegheny Financial Group LTD raised its position in shares of Grand Canyon Education by 4.3% during the 2nd quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after acquiring an additional 109 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Grand Canyon Education by 2.4% in the 3rd quarter. Creative Planning now owns 4,723 shares of the company’s stock valued at $670,000 after purchasing an additional 109 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LOPE. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday. 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. Robert W. Baird increased 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 report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The trade was a 6.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

Grand Canyon Education Trading Down 3.2 %

LOPE stock opened at $159.62 on Friday. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37. The business’s 50-day moving average price is $142.39 and its two-hundred day moving average price is $142.92. The firm has a market cap of $4.65 billion, a PE ratio of 20.98, a P/E/G ratio of 1.40 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. During the same quarter in the previous year, the business posted $1.26 EPS. Grand Canyon Education’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Grand Canyon Education Company 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.