Natixis Advisors LLC Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Natixis Advisors LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,153 shares of the company’s stock, valued at approximately $1,440,000.

Several other large investors have also recently modified their holdings of LOPE. LRI Investments LLC purchased a new stake in Grand Canyon Education in the first quarter valued at approximately $132,000. Burney Co. acquired a new stake in shares of Grand Canyon Education in the first quarter worth $4,911,000. Cetera Investment Advisers purchased a new position in shares of Grand Canyon Education during the first quarter worth $2,180,000. DekaBank Deutsche Girozentrale lifted its position in Grand Canyon Education by 7.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 66,719 shares of the company’s stock valued at $8,865,000 after purchasing an additional 4,388 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Grand Canyon Education by 46.1% in the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock valued at $90,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 transaction, the chief technology officer now directly owns 22,674 shares in the company, valued at approximately $3,202,249.02. The trade was a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LOPE has been the subject of several recent research reports. BMO Capital Markets lifted their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barrington Research increased their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Grand Canyon Education Stock Down 0.7 %

Shares of Grand Canyon Education stock opened at $166.64 on Wednesday. The firm has a market cap of $4.86 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.38 and a beta of 0.70. Grand Canyon Education, Inc. has a 52 week low of $118.48 and a 52 week high of $173.37. The business’s fifty day simple moving average is $145.67 and its 200-day simple moving average is $144.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current 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.