Sanctuary Advisors LLC Raises Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Sanctuary Advisors LLC raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,483 shares of the company’s stock after acquiring an additional 209 shares during the quarter. Sanctuary Advisors LLC’s holdings in Grand Canyon Education were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Grand Canyon Education by 0.4% in the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock worth $2,692,000 after acquiring an additional 84 shares during the last quarter. Wealth Alliance lifted its position in shares of Grand Canyon Education by 3.8% during the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock worth $340,000 after buying an additional 89 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Grand Canyon Education by 1.6% during the 3rd quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after buying an additional 91 shares during the last quarter. NBC Securities Inc. lifted its position in shares of Grand Canyon Education by 12.6% during the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company’s stock worth $121,000 after buying an additional 96 shares during the last quarter. Finally, Allegheny Financial Group LTD lifted its position in shares of Grand Canyon Education by 4.3% during the 2nd quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock worth $372,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $163.76 on Friday. The firm’s fifty day simple moving average is $158.19 and its 200-day simple moving average is $147.59. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.38 and a beta of 0.76. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last announced 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 company had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. Grand Canyon Education’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. Analysts anticipate that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

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, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on LOPE. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barrington Research boosted their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, 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.

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.