Hennion & Walsh Asset Management Inc. Boosts Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,267 shares of the company’s stock after acquiring an additional 146 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Grand Canyon Education were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of LOPE. Versant Capital Management Inc lifted its holdings in shares of Grand Canyon Education by 14,150.0% during the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 283 shares during the period. Blue Trust Inc. raised its position in Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Grand Canyon Education by 46.1% in 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 purchased a new stake in shares of Grand Canyon Education in the second quarter valued at about $109,000. Finally, NBC Securities Inc. increased its stake in shares of Grand Canyon Education by 12.6% during the third quarter. NBC Securities Inc. now owns 856 shares of the company’s stock worth $121,000 after acquiring an additional 96 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barrington Research restated an “outperform” rating and issued a $165.00 price target on shares of Grand Canyon Education in a research note on Friday, September 20th. Finally, StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

Grand Canyon Education Trading Down 0.2 %

Shares of LOPE opened at $133.13 on Friday. Grand Canyon Education, Inc. has a twelve month low of $114.12 and a twelve month high of $157.53. The firm has a market capitalization of $3.92 billion, a P/E ratio of 18.04, a PEG ratio of 1.10 and a beta of 0.69. The firm’s 50-day moving average is $139.31 and its two-hundred day moving average is $140.64.

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

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.