Vanguard Personalized Indexing Management LLC Has $766,000 Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Vanguard Personalized Indexing Management LLC increased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 51.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,473 shares of the company’s stock after purchasing an additional 1,849 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Grand Canyon Education were worth $766,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LOPE. Norges Bank bought a new stake in Grand Canyon Education in the 4th quarter valued at $44,529,000. Goldman Sachs Group Inc. raised its stake in Grand Canyon Education by 105.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 333,028 shares of the company’s stock valued at $43,973,000 after acquiring an additional 170,956 shares during the period. Acadian Asset Management LLC raised its stake in Grand Canyon Education by 78.5% in the 1st quarter. Acadian Asset Management LLC now owns 308,357 shares of the company’s stock valued at $41,977,000 after acquiring an additional 135,626 shares during the period. Renaissance Technologies LLC raised its stake in Grand Canyon Education by 41.0% in the 2nd quarter. Renaissance Technologies LLC now owns 285,057 shares of the company’s stock valued at $39,882,000 after acquiring an additional 82,855 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Grand Canyon Education by 89.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company’s stock valued at $24,215,000 after acquiring an additional 81,853 shares during the period. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LOPE. Barrington Research reiterated an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, BMO Capital Markets increased their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Grand Canyon Education Stock Performance

LOPE opened at $144.54 on Wednesday. The firm has a market cap of $4.30 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. Grand Canyon Education, Inc. has a 52-week low of $112.38 and a 52-week high of $157.53. The business’s fifty day moving average is $144.80 and its 200-day moving average is $140.32.

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

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

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.