Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Bought by Algert Global LLC

Algert Global LLC lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,070 shares of the company’s stock after acquiring an additional 6,909 shares during the period. Grand Canyon Education accounts for approximately 0.4% of Algert Global LLC’s portfolio, making the stock its 6th biggest holding. Algert Global LLC’s holdings in Grand Canyon Education were worth $13,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in Grand Canyon Education by 14,150.0% in the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after acquiring an additional 283 shares during the period. Blue Trust Inc. boosted its holdings in shares of Grand Canyon Education by 710.7% during the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after purchasing an additional 533 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Grand Canyon Education by 46.1% in the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock valued at $90,000 after purchasing an additional 202 shares during the period. TFO Wealth Partners LLC grew its position in shares of Grand Canyon Education by 85,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock valued at $113,000 after purchasing an additional 852 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Grand Canyon Education in the second quarter valued at $131,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.2 %

Shares of Grand Canyon Education stock opened at $142.34 on Friday. The stock has a market capitalization of $4.23 billion, a P/E ratio of 19.91, a PEG ratio of 1.21 and a beta of 0.69. The business’s fifty day moving average price is $144.37 and its 200 day moving average price is $140.42. Grand Canyon Education, Inc. has a twelve month low of $112.38 and a twelve month high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.17. The business 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%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 7.98 EPS for the current year.

Insider Buying and Selling 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 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 $3,202,249.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LOPE has been the topic of a number of research analyst reports. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th. Barrington Research reissued an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a research report on Friday, September 20th. Finally, BMO Capital Markets upped their price target on shares of 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 Company 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.