Choreo LLC Boosts Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Choreo LLC grew its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,491 shares of the company’s stock after buying an additional 253 shares during the quarter. Choreo LLC’s holdings in Grand Canyon Education were worth $407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Longboard Asset Management LP acquired a new position in Grand Canyon Education during the fourth quarter worth about $229,000. Calamos Advisors LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $1,742,000. Financial Life Planners acquired a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $37,000. Capital Insight Partners LLC lifted its stake in Grand Canyon Education by 18.6% in the 4th quarter. Capital Insight Partners LLC now owns 5,215 shares of the company’s stock valued at $854,000 after buying an additional 818 shares in the last quarter. Finally, KBC Group NV grew its holdings in Grand Canyon Education by 23.2% during the 4th quarter. KBC Group NV now owns 1,163 shares of the company’s stock valued at $190,000 after buying an additional 219 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on LOPE shares. Robert W. Baird upped their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Barrington Research reissued an “outperform” rating and set a $180.00 price objective on shares of Grand Canyon Education in a research note on Monday, January 27th.

Grand Canyon Education Trading Up 0.1 %

Shares of NASDAQ:LOPE opened at $182.11 on Thursday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.37 and a beta of 0.74. The stock’s 50-day moving average price is $168.58 and its two-hundred day moving average price is $153.93. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $183.79.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

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.