EverSource Wealth Advisors LLC Acquires 744 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

EverSource Wealth Advisors LLC increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 268.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,021 shares of the company’s stock after purchasing an additional 744 shares during the period. EverSource Wealth Advisors LLC’s holdings in Grand Canyon Education were worth $167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LOPE. Victory Capital Management Inc. increased its stake in shares of Grand Canyon Education by 2.2% in the third quarter. Victory Capital Management Inc. now owns 10,075 shares of the company’s stock valued at $1,429,000 after buying an additional 219 shares during the period. KBC Group NV boosted its holdings in Grand Canyon Education by 22.0% in the third quarter. KBC Group NV now owns 944 shares of the company’s stock valued at $134,000 after acquiring an additional 170 shares during the last quarter. Empowered Funds LLC increased its position in Grand Canyon Education by 4.4% during the 3rd quarter. Empowered Funds LLC now owns 10,041 shares of the company’s stock valued at $1,424,000 after purchasing an additional 421 shares during the period. Natixis Advisors LLC bought a new position in Grand Canyon Education during the 3rd quarter worth approximately $1,440,000. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after purchasing an additional 19,577 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

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 Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barrington Research lifted their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. BMO Capital Markets lifted their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

Grand Canyon Education Stock Up 0.4 %

Grand Canyon Education stock opened at $169.64 on Tuesday. The company has a market capitalization of $4.87 billion, a PE ratio of 21.92, a PEG ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The firm’s fifty day moving average is $174.53 and its 200 day moving average is $159.42.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. The firm had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

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.