Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 891 shares of the company’s stock after purchasing an additional 124 shares during the period. GAMMA Investing LLC’s holdings in Grand Canyon Education were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LOPE. DGS Capital Management LLC lifted its position in Grand Canyon Education by 1.5% during the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after buying an additional 67 shares in the last quarter. Barclays PLC raised its stake in shares of Grand Canyon Education by 0.4% in the 3rd quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after acquiring an additional 84 shares during the period. Wealth Alliance lifted its holdings in shares of Grand Canyon Education by 3.8% during the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock valued at $340,000 after acquiring an additional 89 shares in the last quarter. MML Investors Services LLC boosted its position in Grand Canyon Education by 1.6% during the 3rd quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after purchasing an additional 91 shares during the period. Finally, NBC Securities Inc. boosted its position in Grand Canyon Education by 12.6% during the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company’s stock worth $121,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $163.73 on Friday. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $173.37. The business’s 50-day simple moving average is $163.32 and its 200 day simple moving average is $149.22. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. On average, equities research analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of recent research reports. Barrington Research boosted their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

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.