Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,160 shares of the company’s stock after acquiring an additional 5,902 shares during the quarter. Raymond James & Associates’ holdings in Grand Canyon Education were worth $9,385,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LOPE. AQR Capital Management LLC lifted its stake in Grand Canyon Education by 47.7% during the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock worth $74,452,000 after purchasing an additional 173,800 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Grand Canyon Education by 78.5% in the 1st quarter. Acadian Asset Management LLC now owns 308,357 shares of the company’s stock worth $41,977,000 after purchasing an additional 135,626 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Grand Canyon Education by 41.0% in the 2nd quarter. Renaissance Technologies LLC now owns 285,057 shares of the company’s stock worth $39,882,000 after acquiring an additional 82,855 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Grand Canyon Education by 89.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company’s stock worth $24,215,000 after buying an additional 81,853 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Grand Canyon Education by 42.3% in the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company’s stock worth $30,833,000 after buying an additional 65,518 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 related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 transaction, the chief technology officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Performance

LOPE opened at $136.33 on Wednesday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.10 and a beta of 0.69. Grand Canyon Education, Inc. has a twelve month low of $117.02 and a twelve month high of $157.53. The firm’s 50-day simple moving average is $139.11 and its 200-day simple moving average is $140.80.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results 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%. Grand Canyon Education’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of research reports. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, 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.

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.