415 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 415 shares of the company’s stock, valued at approximately $54,000.

A number of other large investors also recently bought and sold shares of LOPE. Treasurer of the State of North Carolina boosted its holdings in Grand Canyon Education by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after purchasing an additional 85 shares during the period. Wealth Alliance boosted its holdings in Grand Canyon Education by 3.9% in the fourth quarter. Wealth Alliance now owns 2,277 shares of the company’s stock valued at $301,000 after purchasing an additional 85 shares during the period. Riverwater Partners LLC boosted its holdings in Grand Canyon Education by 0.7% in the fourth quarter. Riverwater Partners LLC now owns 12,597 shares of the company’s stock valued at $1,663,000 after purchasing an additional 89 shares during the period. Signaturefd LLC boosted its holdings in Grand Canyon Education by 15.2% in the third quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock valued at $126,000 after purchasing an additional 142 shares during the period. Finally, Covestor Ltd boosted its holdings in Grand Canyon Education by 14.0% in the third quarter. Covestor Ltd now owns 1,181 shares of the company’s stock valued at $138,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Grand Canyon Education stock opened at $130.96 on Thursday. 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 $3.90 billion, a PE ratio of 19.26, a P/E/G ratio of 1.15 and a beta of 0.59. The stock’s fifty day moving average is $132.61 and its two-hundred day moving average is $131.61.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share 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 company had revenue of $278.28 million for the quarter, compared to analysts’ expectations of $275.00 million. On average, research analysts expect that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the sale, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $160.00 target price on shares of Grand Canyon Education in a report on Thursday, April 18th.

About Grand Canyon Education

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.