Aaron Wealth Advisors LLC Takes $202,000 Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Aaron Wealth Advisors LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,232 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Reston Wealth Management LLC purchased a new stake in shares of Grand Canyon Education during the third quarter valued at about $28,000. True Wealth Design LLC purchased a new stake in Grand Canyon Education during the third quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new stake in Grand Canyon Education in the third quarter valued at approximately $60,000. Versant Capital Management Inc grew its holdings in Grand Canyon Education by 66.0% in the fourth 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 last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Grand Canyon Education during the third quarter worth $86,000. Institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling 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 that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares in the company, 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 accessible through this link. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

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

Grand Canyon Education Trading Up 0.7 %

Shares of NASDAQ:LOPE opened at $171.19 on Wednesday. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $176.77. The company has a market cap of $4.99 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.29 and a beta of 0.75. The company’s 50 day moving average is $165.08 and its 200 day moving average is $150.72.

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, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. Equities research analysts predict that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

About Grand Canyon Education

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.