Crossmark Global Holdings Inc. Increases Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Crossmark Global Holdings Inc. grew its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 13.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,931 shares of the company’s stock after acquiring an additional 3,906 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.12% of Grand Canyon Education worth $4,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in Grand Canyon Education by 16.7% in the 1st quarter. BNP Paribas Financial Markets now owns 20,341 shares of the company’s stock worth $2,771,000 after buying an additional 2,906 shares during the period. Texas Permanent School Fund Corp increased its stake in Grand Canyon Education by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,868 shares of the company’s stock worth $3,523,000 after buying an additional 335 shares during the period. SG Americas Securities LLC increased its stake in Grand Canyon Education by 29.9% in the 1st quarter. SG Americas Securities LLC now owns 3,192 shares of the company’s stock worth $435,000 after buying an additional 734 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Grand Canyon Education by 14.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,133 shares of the company’s stock worth $6,284,000 after buying an additional 5,991 shares during the period. Finally, Crown Advisors Management Inc. increased its stake in Grand Canyon Education by 25.0% in the 1st quarter. Crown Advisors Management Inc. now owns 25,000 shares of the company’s stock worth $3,405,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Barrington Research increased their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets increased their target price 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 Price Performance

Shares of Grand Canyon Education stock opened at $170.56 on Tuesday. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $173.37. The firm’s 50-day moving average is $139.96 and its two-hundred day moving average is $141.84. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.43 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. During the same period in the prior year, the business earned $1.26 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current 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.