605 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the third quarter, Holdings Channel reports. The fund bought 605 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in shares of Grand Canyon Education in the third quarter worth $28,000. True Wealth Design LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter valued at about $31,000. Capital Performance Advisors LLP bought a new stake in shares of Grand Canyon Education in the 3rd quarter valued at about $60,000. Quarry LP acquired a new stake in shares of Grand Canyon Education in the second quarter valued at about $109,000. Finally, GAMMA Investing LLC raised its position in shares of Grand Canyon Education by 19.8% during the third quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock worth $109,000 after acquiring an additional 127 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on LOPE. Robert W. Baird upped their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barrington Research increased their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated 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 owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Stock Down 1.8 %

Grand Canyon Education stock opened at $160.31 on Friday. The company has a market capitalization of $4.67 billion, a PE ratio of 21.07, a PEG ratio of 1.41 and a beta of 0.76. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $173.37. The firm’s fifty day moving average is $155.22 and its 200 day moving average is $146.89.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly 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 business had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. During the same period in the prior year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Grand Canyon Education 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.