Stephens Inc. AR Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Stephens Inc. AR purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,437 shares of the company’s stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Alliance grew its position in shares of Grand Canyon Education by 3.8% in the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock valued at $340,000 after purchasing an additional 89 shares during the period. NBC Securities Inc. grew its position in shares of Grand Canyon Education by 12.6% in the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after purchasing an additional 96 shares during the period. Capital Insight Partners LLC grew its position in shares of Grand Canyon Education by 2.5% in the 2nd quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after purchasing an additional 105 shares during the period. Allegheny Financial Group LTD grew its position in shares of Grand Canyon Education by 4.3% in the 2nd quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after purchasing an additional 109 shares during the period. Finally, Creative Planning grew its position in shares of Grand Canyon Education by 2.4% in the 3rd quarter. Creative Planning now owns 4,723 shares of the company’s stock valued at $670,000 after purchasing an additional 109 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Up 2.1 %

NASDAQ:LOPE opened at $163.54 on Friday. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $164.93. The business has a 50 day moving average price of $139.41 and a two-hundred day moving average price of $141.36. The company has a market cap of $4.82 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LOPE. BMO Capital Markets boosted their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird upped their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barrington Research upped their price target on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday.

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.