Wealth Alliance Buys 85 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wealth Alliance grew its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,277 shares of the company’s stock after buying an additional 85 shares during the period. Wealth Alliance’s holdings in Grand Canyon Education were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Grand Canyon Education by 1.3% during the 1st quarter. BlackRock Inc. now owns 3,374,021 shares of the company’s stock worth $327,650,000 after purchasing an additional 43,876 shares in the last quarter. Vanguard Group Inc. raised its stake in Grand Canyon Education by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,975,420 shares of the company’s stock valued at $244,729,000 after acquiring an additional 23,522 shares during the period. State Street Corp raised its stake in Grand Canyon Education by 3.9% in the 1st quarter. State Street Corp now owns 1,090,321 shares of the company’s stock valued at $105,881,000 after acquiring an additional 41,102 shares during the period. Burgundy Asset Management Ltd. raised its stake in Grand Canyon Education by 2.8% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 984,511 shares of the company’s stock valued at $115,070,000 after acquiring an additional 26,647 shares during the period. Finally, Van Berkom & Associates Inc. raised its stake in Grand Canyon Education by 11.9% in the 3rd quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company’s stock valued at $101,904,000 after acquiring an additional 92,445 shares during the period. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $160.00 price target on shares of Grand Canyon Education in a research note on Thursday.

Insider Buying and Selling 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 Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the transaction, the chief technology officer now directly owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Trading Up 0.2 %

LOPE opened at $131.08 on Friday. The stock’s fifty day simple moving average is $132.83 and its 200 day simple moving average is $130.67. Grand Canyon Education, Inc. has a 1-year low of $99.65 and a 1-year high of $144.94. The stock has a market cap of $3.94 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.05. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The firm had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.00 million. Equities analysts forecast that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current year.

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.