Janus Henderson Group PLC Purchases 323 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Janus Henderson Group PLC lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.3% during the third quarter, HoldingsChannel reports. The firm owned 14,627 shares of the company’s stock after acquiring an additional 323 shares during the quarter. Janus Henderson Group PLC’s holdings in Grand Canyon Education were worth $2,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Alliance raised its stake 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 worth $340,000 after purchasing an additional 89 shares in the last quarter. NBC Securities Inc. raised its stake in shares of 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 in the last quarter. Capital Insight Partners LLC raised its stake in shares of Grand Canyon Education by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock worth $592,000 after purchasing an additional 105 shares in the last quarter. Allegheny Financial Group LTD raised its stake in shares of Grand Canyon Education by 4.3% during the 2nd quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock worth $372,000 after purchasing an additional 109 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Grand Canyon Education by 2.4% during the 3rd quarter. Creative Planning now owns 4,723 shares of the company’s stock worth $670,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.2 %

LOPE stock opened at $169.26 on Friday. The firm has a market capitalization of $4.93 billion, a PE ratio of 22.29, a PEG ratio of 1.39 and a beta of 0.76. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37. The business’s 50 day simple moving average is $151.10 and its 200 day simple moving average is $145.86.

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

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on 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 directly owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This represents a 6.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

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