Grand Canyon Education, Inc. (NASDAQ:LOPE) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 16.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 891 shares of the company’s stock after purchasing an additional 124 shares during the quarter. GAMMA Investing LLC’s holdings in Grand Canyon Education were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOPE. Reston Wealth Management LLC bought a new position in shares of Grand Canyon Education during the third quarter valued at approximately $28,000. True Wealth Design LLC bought a new position in Grand Canyon Education during the 3rd quarter worth $31,000. Capital Performance Advisors LLP acquired a new stake in Grand Canyon Education in the third quarter worth $60,000. Versant Capital Management Inc lifted its stake in Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after buying an additional 167 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Grand Canyon Education during the third quarter valued at $86,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Grand Canyon Education Trading Up 1.3 %

Shares of NASDAQ:LOPE opened at $163.73 on Friday. The company has a 50 day moving average of $163.32 and a 200-day moving average of $149.22. The firm has a market cap of $4.77 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.38 and a beta of 0.75. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. During the same period in the prior year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

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.