Grand Canyon Education, Inc. (NASDAQ:LOPE) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,123 shares of the company’s stock after buying an additional 6,041 shares during the period. JPMorgan Chase & Co. owned 0.54% of Grand Canyon Education worth $22,430,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. DGS Capital Management LLC increased its stake in shares of Grand Canyon Education by 1.5% in the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after purchasing an additional 67 shares during the period. Franklin Resources Inc. increased its position in Grand Canyon Education by 10.7% in the 3rd quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock valued at $5,014,000 after acquiring an additional 3,630 shares during the period. Synovus Financial Corp raised its stake in Grand Canyon Education by 8.3% during the 3rd quarter. Synovus Financial Corp now owns 2,393 shares of the company’s stock valued at $339,000 after acquiring an additional 184 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Grand Canyon Education during the 3rd quarter worth $86,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Grand Canyon Education by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock worth $352,000 after purchasing an additional 209 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LOPE shares. Barrington Research increased their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets increased their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Robert W. Baird boosted their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Up 1.3 %

NASDAQ:LOPE opened at $163.73 on Thursday. The company’s 50 day moving average is $162.79 and its 200-day moving average is $149.11. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.38 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $238.30 million during 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 firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. Research analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

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.