Grand Canyon Education Inc (NASDAQ:LOPE) Stock Position Increased by GW&K Investment Management LLC

GW&K Investment Management LLC raised its position in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 13.9% during the 3rd quarter, Holdings Channel reports. The firm owned 916,713 shares of the company’s stock after buying an additional 111,701 shares during the quarter. Grand Canyon Education comprises 1.3% of GW&K Investment Management LLC’s portfolio, making the stock its 4th largest holding. GW&K Investment Management LLC’s holdings in Grand Canyon Education were worth $90,021,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC boosted its stake in shares of Grand Canyon Education by 30.9% in the second quarter. William Blair Investment Management LLC now owns 2,338,224 shares of the company’s stock worth $273,619,000 after buying an additional 552,523 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of Grand Canyon Education by 93.9% in the second quarter. TimesSquare Capital Management LLC now owns 738,700 shares of the company’s stock worth $86,443,000 after buying an additional 357,655 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Grand Canyon Education by 61.9% in the second quarter. Victory Capital Management Inc. now owns 857,677 shares of the company’s stock worth $100,366,000 after buying an additional 327,914 shares during the last quarter. Columbus Circle Investors boosted its stake in shares of Grand Canyon Education by 1,730.0% in the second quarter. Columbus Circle Investors now owns 275,106 shares of the company’s stock worth $32,193,000 after buying an additional 260,073 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Grand Canyon Education in the second quarter worth about $24,195,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

A number of analysts have recently commented on the company. BMO Capital Markets lowered their target price on Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating on the stock in a research note on Thursday. Robert W. Baird lowered their target price on Grand Canyon Education from $145.00 to $118.00 and set an “outperform” rating on the stock in a research note on Thursday. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. BidaskClub downgraded Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 22nd. Finally, Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Saturday. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Grand Canyon Education presently has an average rating of “Buy” and an average target price of $119.50.

In related news, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $108.75, for a total transaction of $217,500.00. Following the completion of the sale, the insider now directly owns 56,809 shares in the company, valued at $6,177,978.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dilek Marsh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $126.83, for a total transaction of $126,830.00. Following the sale, the insider now owns 26,624 shares of the company’s stock, valued at $3,376,721.92. The disclosure for this sale can be found here. Insiders sold 5,000 shares of company stock valued at $596,730 over the last quarter. Insiders own 2.00% of the company’s stock.

NASDAQ:LOPE traded down $3.19 on Friday, reaching $84.89. The stock had a trading volume of 1,074,500 shares, compared to its average volume of 368,573. The company has a 50-day moving average of $97.66 and a 200 day moving average of $114.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.44 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.65. Grand Canyon Education Inc has a 12-month low of $76.48 and a 12-month high of $132.72.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.09. The business had revenue of $193.30 million during the quarter, compared to analysts’ expectations of $191.75 million. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. The business’s revenue was up 24.3% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. On average, equities analysts predict that Grand Canyon Education Inc will post 5.39 EPS for the current year.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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