Capital Insight Partners LLC Buys 1,218 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Capital Insight Partners LLC lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 41.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,124 shares of the company’s stock after acquiring an additional 1,218 shares during the quarter. Capital Insight Partners LLC’s holdings in Grand Canyon Education were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Alaska Permanent Fund Corp grew its stake in Grand Canyon Education by 8.3% during the fourth quarter. Alaska Permanent Fund Corp now owns 86,044 shares of the company’s stock worth $11,361,000 after purchasing an additional 6,598 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in Grand Canyon Education by 161.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 18,233 shares of the company’s stock worth $2,407,000 after purchasing an additional 11,251 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Grand Canyon Education by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 321,924 shares of the company’s stock worth $42,507,000 after purchasing an additional 11,567 shares during the period. National Bank of Canada FI acquired a new stake in Grand Canyon Education during the fourth quarter worth approximately $1,979,000. Finally, Norges Bank acquired a new stake in Grand Canyon Education during the fourth quarter worth approximately $44,529,000. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LOPE. Barrington Research raised their target price on Grand Canyon Education from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets raised their price objective on Grand Canyon Education from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird raised their price objective on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th.

Insider Activity at Grand Canyon Education

In related news, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $147.96, for a total transaction of $39,949.20. Following the transaction, the director now owns 2,635 shares of the company’s stock, valued at $389,874.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Kathy J. Claypatch sold 1,500 shares of Grand Canyon Education stock in a transaction on Friday, May 10th. The stock was sold at an average price of $149.20, for a total transaction of $223,800.00. Following the sale, the insider now directly owns 8,320 shares in the company, valued at $1,241,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the sale, the director now owns 2,635 shares in the company, valued at $389,874.60. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $139.91 on Friday. Grand Canyon Education, Inc. has a 52 week low of $100.82 and a 52 week high of $156.56. The stock has a 50 day moving average price of $139.62 and a two-hundred day moving average price of $134.73. The stock has a market capitalization of $4.16 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.64.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The firm had revenue of $274.68 million during the quarter, compared to analysts’ expectations of $272.42 million. During the same quarter last year, the firm posted $2.00 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts forecast that Grand Canyon Education, Inc. will post 7.8 EPS 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.