Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,075 shares of the company’s stock after acquiring an additional 219 shares during the period. Victory Capital Management Inc.’s holdings in Grand Canyon Education were worth $1,429,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Versor Investments LP bought a new position in Grand Canyon Education during the 3rd quarter valued at $241,000. State of New Jersey Common Pension Fund D boosted its stake in Grand Canyon Education by 6.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 13,988 shares of the company’s stock valued at $1,984,000 after buying an additional 849 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Grand Canyon Education by 13.0% during the third quarter. Crossmark Global Holdings Inc. now owns 33,931 shares of the company’s stock valued at $4,813,000 after buying an additional 3,906 shares in the last quarter. Assetmark Inc. grew its holdings in Grand Canyon Education by 16.4% during the third quarter. Assetmark Inc. now owns 6,563 shares of the company’s stock worth $931,000 after acquiring an additional 927 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Grand Canyon Education in the third quarter worth about $60,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of LOPE opened at $167.88 on Tuesday. The company has a 50-day moving average of $145.18 and a two-hundred day moving average of $144.06. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.38 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 posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $238.30 million during 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 was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Analysts anticipate that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LOPE. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird lifted their price target 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. BMO Capital Markets increased their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Barrington Research raised their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Insider Activity 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 dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the sale, the chief technology officer now directly owns 22,674 shares in the company, 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 is available through this hyperlink. 2.00% of the stock is owned by insiders.

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.