NBC Securities Inc. Has $121,000 Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

NBC Securities Inc. raised its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 856 shares of the company’s stock after acquiring an additional 96 shares during the period. NBC Securities Inc.’s holdings in Grand Canyon Education were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Grand Canyon Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,005,381 shares of the company’s stock valued at $409,363,000 after purchasing an additional 24,871 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in shares of Grand Canyon Education by 1.3% in the second quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company’s stock valued at $118,971,000 after buying an additional 11,179 shares during the period. Van Berkom & Associates Inc. increased its position in shares of Grand Canyon Education by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock worth $105,908,000 after acquiring an additional 11,540 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Grand Canyon Education by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company’s stock worth $100,197,000 after acquiring an additional 12,509 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Grand Canyon Education by 47.7% during the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock worth $74,452,000 after acquiring an additional 173,800 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $132.14 on Friday. The company’s 50-day moving average price is $140.16 and its two-hundred day moving average price is $140.67. Grand Canyon Education, Inc. has a one year low of $113.19 and a one year high of $157.53. The stock has a market capitalization of $3.93 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.69.

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

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’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 sale, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LOPE. Barrington Research reiterated an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a report on Friday, September 20th. BMO Capital Markets increased their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th.

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.