International Assets Investment Management LLC Purchases Shares of 21,126 Grand Canyon Education, Inc. (NASDAQ:LOPE)

International Assets Investment Management LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,126 shares of the company’s stock, valued at approximately $2,789,000. International Assets Investment Management LLC owned 0.07% of Grand Canyon Education as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp lifted its stake in Grand Canyon Education by 10.4% in the third quarter. Alaska Permanent Fund Corp now owns 79,446 shares of the company’s stock valued at $9,286,000 after buying an additional 7,465 shares during the period. Treasurer of the State of North Carolina lifted its stake in Grand Canyon Education by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after buying an additional 85 shares during the period. Dark Forest Capital Management LP acquired a new position in Grand Canyon Education in the third quarter valued at approximately $592,000. Sei Investments Co. lifted its stake in Grand Canyon Education by 7.8% in the third quarter. Sei Investments Co. now owns 168,209 shares of the company’s stock valued at $19,660,000 after buying an additional 12,125 shares during the period. Finally, Van Berkom & Associates Inc. lifted its stake in Grand Canyon Education by 11.9% in the third quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company’s stock valued at $101,904,000 after buying an additional 92,445 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and issued a $160.00 target price on shares of Grand Canyon Education in a report on Thursday.

Grand Canyon Education Trading Up 0.2 %

LOPE opened at $131.08 on Friday. The company’s fifty day moving average price is $132.83 and its two-hundred day moving average price is $130.67. Grand Canyon Education, Inc. has a 1-year low of $99.65 and a 1-year high of $144.94. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.14 and a beta of 0.59.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.05. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The firm had revenue of $278.28 million for the quarter, compared to the consensus estimate of $275.00 million. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

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.