Deerfield Management Company L.P. Series C Invests $463,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Deerfield Management Company L.P. Series C acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 2nd quarter, HoldingsChannel reports. The firm acquired 3,308 shares of the company’s stock, valued at approximately $463,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Values First Advisors Inc. bought a new stake in shares of Grand Canyon Education in the second quarter valued at $1,961,000. Cetera Investment Advisers bought a new stake in Grand Canyon Education in the 1st quarter valued at about $2,180,000. Campbell & CO Investment Adviser LLC lifted its holdings 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 valued at $2,407,000 after purchasing an additional 11,251 shares during the last quarter. Wasatch Advisors LP boosted its position in Grand Canyon Education by 9.4% during the first quarter. Wasatch Advisors LP now owns 463,083 shares of the company’s stock worth $63,077,000 after purchasing an additional 39,743 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Grand Canyon Education by 7.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 66,719 shares of the company’s stock worth $8,865,000 after purchasing an additional 4,388 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

LOPE has been the topic of a number of recent research reports. Barrington Research restated an “outperform” rating and set a $165.00 price target on shares of Grand Canyon Education in a research note 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 raised their price target on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

Grand Canyon Education Trading Down 0.2 %

LOPE stock opened at $142.34 on Friday. The firm has a 50 day moving average of $144.50 and a 200-day moving average of $140.36. The firm has a market capitalization of $4.23 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. Grand Canyon Education, Inc. has a 12 month low of $112.38 and a 12 month high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last posted 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 business had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. Sell-side analysts predict that Grand Canyon Education, Inc. will post 7.98 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.