Oak Ridge Investments LLC Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Oak Ridge Investments LLC bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 18,487 shares of the company’s stock, valued at approximately $2,622,000. Oak Ridge Investments LLC owned about 0.06% of Grand Canyon Education as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new position in shares of Grand Canyon Education during the third quarter valued at approximately $28,000. Custom Index Systems LLC purchased a new position in shares of Grand Canyon Education during the third quarter valued at approximately $397,000. State of Alaska Department of Revenue lifted its holdings in shares of Grand Canyon Education by 0.3% during the third quarter. State of Alaska Department of Revenue now owns 71,386 shares of the company’s stock valued at $10,125,000 after purchasing an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Grand Canyon Education by 33.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,162 shares of the company’s stock valued at $590,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Grand Canyon Education by 19.5% during the third quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company’s stock valued at $37,361,000 after purchasing an additional 43,005 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred 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 completion of the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on LOPE. Barrington Research reissued an “outperform” rating and set a $165.00 price target on shares of Grand Canyon Education in a research report on Friday, September 20th. BMO Capital Markets raised their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

Grand Canyon Education Stock Down 0.2 %

Shares of LOPE opened at $137.11 on Friday. Grand Canyon Education, Inc. has a twelve month low of $117.02 and a twelve month high of $157.53. The company has a market capitalization of $4.04 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69. The firm has a 50 day moving average of $138.93 and a 200 day moving average of $140.75.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business had revenue of $227.50 million during the quarter, compared to the consensus estimate of $223.56 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts expect that Grand Canyon Education, Inc. will post 7.98 EPS for the current 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.