International Assets Investment Management LLC Has $29.98 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

International Assets Investment Management LLC boosted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 14,085.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,136 shares of the company’s stock after purchasing an additional 20,987 shares during the period. International Assets Investment Management LLC owned 0.07% of Grand Canyon Education worth $29,980,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LOPE. Hennion & Walsh Asset Management Inc. boosted its position in Grand Canyon Education by 54.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,158 shares of the company’s stock valued at $975,000 after purchasing an additional 2,534 shares during the last quarter. State of Michigan Retirement System boosted its position in Grand Canyon Education by 2.8% during the first quarter. State of Michigan Retirement System now owns 7,259 shares of the company’s stock valued at $989,000 after purchasing an additional 200 shares during the last quarter. Wasatch Advisors LP boosted its position in Grand Canyon Education by 9.4% during the first 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 last quarter. Monument Capital Management boosted its position in Grand Canyon Education by 22.5% during the first quarter. Monument Capital Management now owns 16,881 shares of the company’s stock valued at $2,299,000 after purchasing an additional 3,101 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Grand Canyon Education by 36.5% during the first quarter. Van ECK Associates Corp now owns 13,627 shares of the company’s stock valued at $1,856,000 after purchasing an additional 3,645 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Grand Canyon Education

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 transaction of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Grand Canyon Education Stock Up 0.2 %

LOPE opened at $133.40 on Tuesday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.10 and a beta of 0.69. Grand Canyon Education, Inc. has a 12-month low of $117.02 and a 12-month high of $157.53. The business has a 50 day moving average of $139.19 and a 200-day moving average of $140.76.

Grand Canyon Education (NASDAQ:LOPE) last announced its 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. The company had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. As a group, analysts expect that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. BMO Capital Markets increased their price target 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. Barrington Research reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th. Finally, StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

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.