Sanctuary Advisors LLC Invests $300,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Sanctuary Advisors LLC purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,274 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in shares of Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after purchasing an additional 283 shares during the period. Blue Trust Inc. increased its stake in Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after purchasing an additional 533 shares in the last quarter. GAMMA Investing LLC raised its stake in Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after acquiring an additional 202 shares during the last quarter. Quarry LP purchased a new position in shares of Grand Canyon Education in the second quarter worth about $109,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Grand Canyon Education during the 2nd quarter worth approximately $131,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

LOPE has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a research note on Friday, September 20th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets raised their target price 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.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Grand Canyon Education Stock Down 0.9 %

Shares of LOPE opened at $132.14 on Friday. The stock has a fifty day simple moving average of $140.16 and a two-hundred day simple moving average of $140.64. The company has a market capitalization of $3.93 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.69. Grand Canyon Education, Inc. has a 52-week low of $113.19 and a 52-week high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, beating the consensus estimate 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 business had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same quarter in the prior year, the company posted $1.01 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current fiscal year.

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.