Envestnet Asset Management Inc. lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,031 shares of the company’s stock after selling 8,117 shares during the period. Envestnet Asset Management Inc. owned about 0.71% of Grand Canyon Education worth $29,385,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its position in Grand Canyon Education by 5.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 75,722 shares of the company’s stock valued at $10,594,000 after purchasing an additional 3,982 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Grand Canyon Education by 35.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 90,408 shares of the company’s stock valued at $12,015,000 after purchasing an additional 23,689 shares during the last quarter. Headlands Technologies LLC raised its position in Grand Canyon Education by 474.6% during the 2nd quarter. Headlands Technologies LLC now owns 3,637 shares of the company’s stock valued at $509,000 after purchasing an additional 3,004 shares during the last quarter. Texas Permanent School Fund Corp raised its position in Grand Canyon Education by 19.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 30,831 shares of the company’s stock valued at $4,314,000 after purchasing an additional 4,963 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its position in Grand Canyon Education by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock valued at $105,908,000 after purchasing an additional 11,540 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.
Grand Canyon Education Stock Performance
Shares of NASDAQ:LOPE opened at $142.78 on Friday. The firm has a market capitalization of $4.25 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.16 and a beta of 0.69. The stock has a 50 day moving average price of $145.02 and a 200-day moving average price of $140.12. Grand Canyon Education, Inc. has a 52-week low of $112.38 and a 52-week high of $157.53.
Insider Buying and Selling
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at approximately $3,202,249.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have commented on LOPE. BMO Capital Markets upped their price target on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a research report on Friday. Finally, StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.
Get Our Latest Stock Report on LOPE
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.
See Also
- Five stocks we like better than Grand Canyon Education
- P/E Ratio Calculation: How to Assess Stocks
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- There Are Different Types of Stock To Invest In
- MarketBeat Week in Review – 9/16 – 9/20
- Best Stocks Under $5.00
- Don’t Miss These 3 Retail Stocks for Fall Gains
Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report).
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.