State Street Corp Raises Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

State Street Corp lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.9% in the 3rd quarter, Holdings Channel reports. The fund owned 883,971 shares of the company’s stock after acquiring an additional 8,159 shares during the quarter. State Street Corp’s holdings in Grand Canyon Education were worth $125,391,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Grand Canyon Education by 47.7% during the 2nd quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock valued at $74,452,000 after buying an additional 173,800 shares in the last quarter. FMR LLC lifted its holdings in shares of Grand Canyon Education by 12.0% during the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock valued at $187,725,000 after purchasing an additional 141,648 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Grand Canyon Education by 41.0% during the second quarter. Renaissance Technologies LLC now owns 285,057 shares of the company’s stock valued at $39,882,000 after buying an additional 82,855 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Grand Canyon Education by 89.7% in the 2nd 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 in the last quarter. Finally, Wasatch Advisors LP raised its position in Grand Canyon Education by 15.4% in the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after buying an additional 68,579 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LOPE. BMO Capital Markets raised their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barrington Research boosted their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird raised their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Insider Activity at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value 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 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Grand Canyon Education Trading Down 1.5 %

LOPE opened at $166.79 on Friday. The company’s 50 day moving average is $152.28 and its 200 day moving average is $146.18. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.41 and a beta of 0.76. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. During the same period last year, the firm earned $1.26 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

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.