State of Alaska Department of Revenue Purchases 225 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

State of Alaska Department of Revenue increased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,386 shares of the company’s stock after buying an additional 225 shares during the period. State of Alaska Department of Revenue owned 0.24% of Grand Canyon Education worth $10,125,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LOPE. Versant Capital Management Inc raised its stake in Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after purchasing an additional 283 shares during the last quarter. Blue Trust Inc. raised its stake in Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after purchasing an additional 533 shares during the last quarter. GAMMA Investing LLC raised its stake in Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock valued at $90,000 after purchasing an additional 202 shares during the last quarter. Quarry LP acquired a new position in Grand Canyon Education during the 2nd quarter valued at $109,000. Finally, NBC Securities Inc. raised its stake in Grand Canyon Education by 12.6% during the 3rd quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after purchasing an additional 96 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $133.13 on Monday. Grand Canyon Education, Inc. has a 52-week low of $114.12 and a 52-week high of $157.53. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.10 and a beta of 0.69. The firm has a fifty day moving average of $139.31 and a 200-day moving average of $140.70.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The company had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. During the same quarter in the prior year, the company posted $1.01 EPS. The business’s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LOPE. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Barrington Research restated an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a research note on Friday, September 20th.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 completion of the transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

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.