Atria Investments Inc Has $714,000 Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Atria Investments Inc decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,034 shares of the company’s stock after selling 174 shares during the period. Atria Investments Inc’s holdings in Grand Canyon Education were worth $714,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of Grand Canyon Education by 16.4% in the 3rd quarter. Assetmark Inc. now owns 6,563 shares of the company’s stock worth $931,000 after acquiring an additional 927 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Grand Canyon Education during the 3rd quarter worth approximately $60,000. Summit Global Investments raised its stake in shares of Grand Canyon Education by 66.1% in the third quarter. Summit Global Investments now owns 3,097 shares of the company’s stock worth $439,000 after purchasing an additional 1,233 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Grand Canyon Education by 40.0% in the third quarter. Van ECK Associates Corp now owns 22,513 shares of the company’s stock valued at $3,029,000 after purchasing an additional 6,433 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Grand Canyon Education by 50.5% during the third quarter. Harbor Capital Advisors Inc. now owns 42,319 shares of the company’s stock valued at $6,003,000 after buying an additional 14,207 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LOPE shares. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets raised their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Barrington Research lifted their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $161.81 on Tuesday. The business’s fifty day moving average is $142.39 and its 200-day moving average is $143.10. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.33 and a beta of 0.70. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Research analysts expect that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. This trade represents a 6.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is 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.