Van ECK Associates Corp Raises Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Van ECK Associates Corp grew its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 32.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,776 shares of the company’s stock after acquiring an additional 7,263 shares during the period. Van ECK Associates Corp owned about 0.10% of Grand Canyon Education worth $4,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Grand Canyon Education in the third quarter valued at about $1,867,000. Thrivent Financial for Lutherans boosted its holdings in shares of Grand Canyon Education by 4.8% in the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after acquiring an additional 19,577 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings 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 valued at $352,000 after acquiring an additional 209 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of Grand Canyon Education by 113.7% in the third quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock valued at $1,307,000 after acquiring an additional 4,901 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Grand Canyon Education by 9.8% in the third quarter. Raymond James & Associates now owns 66,160 shares of the company’s stock valued at $9,385,000 after acquiring an additional 5,902 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 1.0 %

Shares of LOPE opened at $185.52 on Wednesday. The stock has a market cap of $5.41 billion, a P/E ratio of 24.38, a PEG ratio of 1.37 and a beta of 0.74. The company has a 50-day moving average of $169.77 and a two-hundred day moving average of $154.74. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $185.66.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird boosted their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. 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 report on Thursday, November 7th. Finally, Barrington Research reissued an “outperform” rating and set a $180.00 price objective on shares of Grand Canyon Education in a report on Monday, January 27th.

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 dated Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by company 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.