Quest Partners LLC Increases Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Quest Partners LLC grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,812 shares of the company’s stock after purchasing an additional 2,513 shares during the period. Quest Partners LLC owned approximately 0.05% of Grand Canyon Education worth $2,101,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in Grand Canyon Education by 4.8% in the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after purchasing an additional 19,577 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth about $1,440,000. Empowered Funds LLC raised its position in shares of 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 buying an additional 421 shares in the last quarter. KBC Group NV raised its position in shares of Grand Canyon Education by 22.0% during the 3rd quarter. KBC Group NV now owns 944 shares of the company’s stock valued at $134,000 after buying an additional 170 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Grand Canyon Education by 2.2% in the 3rd quarter. Victory Capital Management Inc. now owns 10,075 shares of the company’s stock valued at $1,429,000 after acquiring an additional 219 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 6.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barrington Research upped their price objective on Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $161.81 on Tuesday. Grand Canyon Education, Inc. has a fifty-two week low of $118.48 and a fifty-two week high of $173.37. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.33 and a beta of 0.70. The business’s 50 day moving average price is $142.39 and its 200-day moving average price is $143.10.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 earnings per share. Sell-side analysts predict that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

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.