Cetera Investment Advisers Buys 255 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Cetera Investment Advisers increased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,261 shares of the company’s stock after buying an additional 255 shares during the quarter. Cetera Investment Advisers owned 0.05% of Grand Canyon Education worth $2,275,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after purchasing an additional 283 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after buying an additional 533 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after acquiring an additional 202 shares during the period. Quarry LP bought a new position in shares of Grand Canyon Education during the 2nd quarter worth about $109,000. Finally, LRI Investments LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter valued at about $132,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $133.47 on Friday. Grand Canyon Education, Inc. has a 52 week low of $112.38 and a 52 week high of $157.53. The company’s 50 day moving average price is $141.30 and its two-hundred day moving average price is $140.77. The company has a market capitalization of $3.93 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.12 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 EPS 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 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 firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. Analysts forecast that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Insider Activity at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 directly owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on LOPE. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday. Barrington Research restated an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a report on Friday, September 20th. Finally, BMO Capital Markets lifted their price target on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a 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.