Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,160 shares of the company’s stock after purchasing an additional 5,902 shares during the period. Raymond James & Associates owned about 0.22% of Grand Canyon Education worth $9,385,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its position in shares of Grand Canyon Education by 14,150.0% during the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after buying an additional 283 shares in the last quarter. Blue Trust Inc. increased its stake in Grand Canyon Education by 710.7% in the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after purchasing an additional 533 shares during the period. GAMMA Investing LLC boosted its stake in shares of Grand Canyon Education by 46.1% during the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after buying an additional 202 shares during the period. Quarry LP acquired a new stake in Grand Canyon Education during the 2nd quarter worth approximately $109,000. Finally, NBC Securities Inc. grew its position in Grand Canyon Education by 12.6% in the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after buying an additional 96 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the sale, the chief technology officer now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Trading Up 2.2 %

NASDAQ:LOPE opened at $136.33 on Wednesday. Grand Canyon Education, Inc. has a 12-month low of $117.02 and a 12-month high of $157.53. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.10 and a beta of 0.69. The company’s 50-day moving average is $139.11 and its two-hundred day moving average is $140.80.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $223.56 million. During the same quarter last year, the firm earned $1.01 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LOPE has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a research note on Friday, September 20th. Finally, StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

Grand Canyon Education Company 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.