Parkside Financial Bank & Trust Buys 171 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Parkside Financial Bank & Trust grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,461 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Grand Canyon Education were worth $567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Grand Canyon Education in the 3rd quarter valued at about $1,867,000. Thrivent Financial for Lutherans increased its stake in shares of Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after acquiring an additional 19,577 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Grand Canyon Education by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock valued at $352,000 after acquiring an additional 209 shares during the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Grand Canyon Education by 113.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock valued at $1,307,000 after acquiring an additional 4,901 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Grand Canyon Education by 50.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 42,319 shares of the company’s stock valued at $6,003,000 after acquiring an additional 14,207 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

LOPE has been the subject of a number of research reports. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Robert W. Baird increased their target price on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barrington Research increased their target price on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $179.82 on Friday. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18. The business has a 50 day simple moving average of $172.52 and a 200 day simple moving average of $156.85. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.42 and a beta of 0.74.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. On average, analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Insiders Place Their Bets

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 transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

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.