Victory Capital Management Inc. Acquires 1,319 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Victory Capital Management Inc. increased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,394 shares of the company’s stock after buying an additional 1,319 shares during the period. Victory Capital Management Inc.’s holdings in Grand Canyon Education were worth $1,866,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Grand Canyon Education in the fourth quarter worth about $27,000. True Wealth Design LLC acquired a new stake in shares of Grand Canyon Education in the third quarter valued at approximately $31,000. Financial Life Planners bought a new position in Grand Canyon Education in the 4th quarter worth approximately $37,000. Versant Capital Management Inc lifted its holdings in Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after buying an additional 167 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Grand Canyon Education by 22.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock valued at $88,000 after buying an additional 99 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 the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Up 0.4 %

Shares of Grand Canyon Education stock opened at $169.64 on Tuesday. The business has a fifty day simple moving average of $174.53 and a 200 day simple moving average of $159.42. The stock has a market cap of $4.87 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LOPE shares. BMO Capital Markets upped their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Barrington Research upped their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.