Inspire Investing LLC Reduces Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Inspire Investing LLC trimmed its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,485 shares of the company’s stock after selling 140 shares during the period. Inspire Investing LLC’s holdings in Grand Canyon Education were worth $348,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Wealth Alliance lifted its stake in shares of Grand Canyon Education by 3.8% during the second quarter. Wealth Alliance now owns 2,428 shares of the company’s stock valued at $340,000 after buying an additional 89 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Grand Canyon Education by 4.8% during the fourth quarter. Intech Investment Management LLC now owns 2,078 shares of the company’s stock worth $274,000 after purchasing an additional 96 shares during the last quarter. Capital Insight Partners LLC grew its position in shares of Grand Canyon Education by 2.5% in the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after purchasing an additional 105 shares during the period. Allegheny Financial Group LTD grew its position in shares of Grand Canyon Education by 4.3% in the second quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after purchasing an additional 109 shares during the period. Finally, Riverwater Partners LLC increased its stake in Grand Canyon Education by 0.9% in the first quarter. Riverwater Partners LLC now owns 12,716 shares of the company’s stock valued at $1,732,000 after purchasing an additional 119 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on LOPE. Barrington Research restated an “outperform” rating and issued a $165.00 price target on shares of Grand Canyon Education in a report on Friday, September 20th. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th.

Grand Canyon Education Trading Up 0.2 %

Shares of LOPE stock opened at $144.54 on Wednesday. Grand Canyon Education, Inc. has a 52 week low of $112.38 and a 52 week high of $157.53. The company has a market cap of $4.30 billion, a PE ratio of 20.22, a P/E/G ratio of 1.16 and a beta of 0.69. The company’s fifty day simple moving average is $144.80 and its 200-day simple moving average is $140.32.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. The company had revenue of $227.50 million during the quarter, compared to the consensus estimate of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. Equities research analysts expect that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

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.