Voya Financial Advisors Inc. Raises Stake in Grand Canyon Education Inc (NASDAQ:LOPE)

Voya Financial Advisors Inc. boosted its holdings in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,960 shares of the company’s stock after acquiring an additional 703 shares during the period. Voya Financial Advisors Inc.’s holdings in Grand Canyon Education were worth $791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. William Blair Investment Management LLC raised its holdings in Grand Canyon Education by 30.9% in the second quarter. William Blair Investment Management LLC now owns 2,338,224 shares of the company’s stock worth $273,619,000 after buying an additional 552,523 shares during the last quarter. GW&K Investment Management LLC raised its holdings in Grand Canyon Education by 13.9% in the third quarter. GW&K Investment Management LLC now owns 916,713 shares of the company’s stock worth $90,021,000 after buying an additional 111,701 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Grand Canyon Education by 61.9% in the second quarter. Victory Capital Management Inc. now owns 857,677 shares of the company’s stock worth $100,366,000 after buying an additional 327,914 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in Grand Canyon Education by 2.8% in the third quarter. Conestoga Capital Advisors LLC now owns 812,033 shares of the company’s stock worth $79,742,000 after buying an additional 22,460 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in Grand Canyon Education by 2.4% in the third quarter. TimesSquare Capital Management LLC now owns 756,100 shares of the company’s stock worth $74,249,000 after buying an additional 17,400 shares during the last quarter. 97.52% of the stock is owned by institutional investors.

LOPE opened at $85.19 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $90.71 and a 200-day moving average price of $111.41. Grand Canyon Education Inc has a twelve month low of $76.48 and a twelve month high of $132.72. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.03 and a beta of 0.65.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.09. Grand Canyon Education had a net margin of 34.73% and a return on equity of 20.50%. The firm had revenue of $193.30 million during the quarter, compared to analysts’ expectations of $191.75 million. During the same period in the previous year, the company earned $1.06 earnings per share. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, analysts expect that Grand Canyon Education Inc will post 5.49 earnings per share for the current year.

In other news, insider Joseph N. Mildenhall sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $108.75, for a total transaction of $217,500.00. Following the completion of the transaction, the insider now directly owns 56,809 shares of the company’s stock, valued at $6,177,978.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Several brokerages have issued reports on LOPE. BidaskClub cut shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 22nd. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Barrington Research set a $145.00 target price on shares of Grand Canyon Education and gave the stock a “buy” rating in a report on Wednesday, October 9th. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets decreased their target price on shares of Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Grand Canyon Education has an average rating of “Buy” and a consensus target price of $126.25.

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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