Vanguard Personalized Indexing Management LLC Purchases 1,849 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Vanguard Personalized Indexing Management LLC grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 51.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,473 shares of the company’s stock after acquiring an additional 1,849 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Grand Canyon Education were worth $766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Grand Canyon Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,005,381 shares of the company’s stock valued at $409,363,000 after acquiring an additional 24,871 shares during the last quarter. Burgundy Asset Management Ltd. grew its position in shares of Grand Canyon Education by 3.7% in the 1st quarter. Burgundy Asset Management Ltd. now owns 839,164 shares of the company’s stock valued at $114,303,000 after purchasing an additional 30,108 shares during the period. Van Berkom & Associates Inc. grew its position in shares of Grand Canyon Education by 1.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock valued at $105,908,000 after purchasing an additional 11,540 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Grand Canyon Education by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company’s stock valued at $100,197,000 after purchasing an additional 12,509 shares during the period. Finally, Wasatch Advisors LP grew its position in shares of Grand Canyon Education by 9.4% in the 1st quarter. Wasatch Advisors LP now owns 463,083 shares of the company’s stock valued at $63,077,000 after purchasing an additional 39,743 shares during the period. 94.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOPE. Barrington Research reiterated an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th. BMO Capital Markets boosted their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.

Grand Canyon Education Stock Up 0.2 %

NASDAQ:LOPE opened at $144.54 on Wednesday. Grand Canyon Education, Inc. has a twelve month low of $112.38 and a twelve month high of $157.53. The business has a 50 day moving average price of $144.80 and a two-hundred day moving average price of $140.32. The company has a market cap of $4.30 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The firm had revenue of $227.50 million during the quarter, compared to the consensus estimate of $223.56 million. During the same quarter in the prior year, the firm posted $1.01 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

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.