Algert Global LLC lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) 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.
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.
Get Our Latest Research Report on Grand Canyon Education
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.
See Also
- Five stocks we like better than Grand Canyon Education
- Investing In Preferred Stock vs. Common Stock
- CarMax’s Impressive Rally: What Investors Should Watch Next
- NYSE Stocks Give Investors a Variety of Quality Options
- MarketBeat Week in Review – 9/23 – 9/27
- Airline Stocks – Top Airline Stocks to Buy Now
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report).
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.