Charles Schwab Investment Management Inc. Grows Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Charles Schwab Investment Management Inc. raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 332,642 shares of the company’s stock after buying an additional 1,101 shares during the period. Charles Schwab Investment Management Inc. owned 1.14% of Grand Canyon Education worth $47,185,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of LOPE. Reston Wealth Management LLC bought a new stake in shares of Grand Canyon Education during the 3rd quarter worth $28,000. Versant Capital Management Inc raised its position in Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after acquiring an additional 283 shares during the period. Capital Performance Advisors LLP purchased a new position in Grand Canyon Education in the third quarter valued at about $60,000. Blue Trust Inc. grew its position in shares of 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 acquiring an additional 533 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.1 %

NASDAQ LOPE opened at $164.59 on Monday. The firm has a market cap of $4.80 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37. The stock has a 50-day moving average of $147.04 and a 200-day moving average of $144.59.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barrington Research upped their price target on Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective 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. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In related news, CTO Dilek Marsh sold 1,500 shares of the company’s 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 transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. This represents a 6.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

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.