Raymond James & Associates increased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) during the fourth quarter, according to the company's latest filing with the Securities and Exchange Commission (SEC). The company's holdings have been reduced by 19.2%. . The fund now owns 53,522 shares of the company's stock after selling 12,721 shares during the period. Raymond James & Associates owned 0.18% of Grand Canyon Education, valued at $7,067,000, as of the latest SEC filing.
Several other institutional investors and hedge funds also changed their positions in the stock. SG Americas Securities LLC increased his holdings in shares of Grand Canyon Education by 58.4% in the 4th quarter. SG Americas Securities LLC now owns 2,458 shares of the company's stock valued at $325,000 after purchasing an additional 906 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Grand Canyon Education by 6.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,962 shares of the company's stock valued at $787,000 after purchasing an additional 347 shares in the last quarter. Riverwater Partners LLC increased its holdings in shares of Grand Canyon Education by 0.7% in the 4th quarter. Riverwater Partners LLC now owns 12,597 shares of the company's stock valued at $1,663,000 after purchasing an additional 89 shares during the last quarter. Teachers Retirement System of Kentucky increased its holdings in shares of Grand Canyon Education by 90.2% in the 3rd quarter. Kentucky Teachers Retirement System now owns 10,706 shares of the company's stock valued at $1,251,000 after purchasing an additional 5,078 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $1,952,000. Currently, 94.17% of the stock is held by institutional investors and hedge funds.
Analyst upgrades and downgrades
Separately, Barrington Research increased their target price on Grand Canyon Education from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th.
Get the latest analysis on Grand Canyon Education
Grand Canyon Education stock price performance
LOPE opened at $132.45 on Monday. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94. The stock has a market capitalization of $3.98 billion, a P/E ratio of 19.48x, a P/E ratio of 1.15x, and a beta of 0.59x. His 50 day moving average price for this company is $132.72 and his 200 day moving average price is $129.82.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.05. Grand Canyon Education had a return on equity of 31.75% and a net profit margin of 21.33%. The company had revenue of $278.28 million for the quarter, compared to analyst expectations of $275.0 million. As a group, equity research analysts expect Grand Canyon Education to post earnings of $7.65 per share for the current fiscal year.
Insider buying and selling in Grand Canyon Education
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the sale, the chief technology officer now owns 25,674 shares of the company's stock, valued at $3,405,656.10. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC's website. 2.00% of the stock is owned by company insiders.
Grand Canyon Educational Profile
(Free report)
Grand Canyon Education, Inc provides educational services to universities in the United States. We provide technology services such as learning management systems, internal administration, infrastructure, and support services. Academic services such as programs and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites. Counseling and support services, including admissions, financial aid, field experience and other counseling services.
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