Grand Canyon Education Inc (NASDAQ:LOPE) Shares Purchased by Neuburgh Advisers LLC

Neuburgh Advisers LLC boosted its holdings in Grand Canyon Education Inc (NASDAQ:LOPE) by 138.9% during the second quarter, HoldingsChannel reports. The fund owned 1,892 shares of the company’s stock after buying an additional 1,100 shares during the period. Neuburgh Advisers LLC’s holdings in Grand Canyon Education were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LOPE. FMR LLC lifted its stake in Grand Canyon Education by 47.0% during the first quarter. FMR LLC now owns 3,493,165 shares of the company’s stock worth $400,002,000 after purchasing an additional 1,116,492 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Grand Canyon Education by 30.9% during the second quarter. William Blair Investment Management LLC now owns 2,338,224 shares of the company’s stock worth $273,619,000 after purchasing an additional 552,523 shares in the last quarter. FIL Ltd lifted its stake in Grand Canyon Education by 3.3% during the first quarter. FIL Ltd now owns 1,924,620 shares of the company’s stock worth $220,388,000 after purchasing an additional 61,057 shares in the last quarter. GW&K Investment Management LLC lifted its stake in Grand Canyon Education by 20.2% during the second quarter. GW&K Investment Management LLC now owns 805,012 shares of the company’s stock worth $94,203,000 after purchasing an additional 135,348 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in Grand Canyon Education by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 789,573 shares of the company’s stock worth $92,396,000 after purchasing an additional 19,089 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

A number of research analysts have commented on the company. Barrington Research upped their price target on Grand Canyon Education from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. BidaskClub cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Robert W. Baird set a $145.00 price target on Grand Canyon Education and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Grand Canyon Education presently has a consensus rating of “Buy” and an average target price of $139.25.



Shares of NASDAQ LOPE traded down $0.30 during mid-day trading on Thursday, hitting $109.86. The company had a trading volume of 8,489 shares, compared to its average volume of 356,511. The company has a market capitalization of $5.31 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96. Grand Canyon Education Inc has a 1-year low of $90.67 and a 1-year high of $132.72. The business’s 50-day simple moving average is $122.69 and its 200 day simple moving average is $119.53.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.15. The business had revenue of $174.82 million for the quarter, compared to analysts’ expectations of $173.40 million. Grand Canyon Education had a return on equity of 21.06% and a net margin of 33.14%. The company’s revenue for the quarter was down 26.2% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. On average, analysts expect that Grand Canyon Education Inc will post 5.39 EPS for the current year.

In other news, insider Dilek Marsh sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $126.83, for a total value of $126,830.00. Following the sale, the insider now directly owns 26,624 shares in the company, valued at $3,376,721.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph N. Mildenhall sold 2,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $126.20, for a total value of $252,400.00. Following the completion of the sale, the insider now owns 58,809 shares in the company, valued at $7,421,695.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,000 shares of company stock worth $829,730. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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