Wealth Alliance Acquires 85 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wealth Alliance increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,277 shares of the company’s stock after acquiring an additional 85 shares during the quarter. Wealth Alliance’s holdings in Grand Canyon Education were worth $301,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Grand Canyon Education by 1.3% in the first quarter. BlackRock Inc. now owns 3,374,021 shares of the company’s stock valued at $327,650,000 after buying an additional 43,876 shares during the period. Vanguard Group Inc. raised its stake in shares of Grand Canyon Education by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,975,420 shares of the company’s stock valued at $244,729,000 after buying an additional 23,522 shares during the period. State Street Corp raised its stake in shares of Grand Canyon Education by 3.9% in the first quarter. State Street Corp now owns 1,090,321 shares of the company’s stock valued at $105,881,000 after buying an additional 41,102 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of Grand Canyon Education by 2.8% in the third quarter. Burgundy Asset Management Ltd. now owns 984,511 shares of the company’s stock valued at $115,070,000 after buying an additional 26,647 shares during the period. Finally, Van Berkom & Associates Inc. raised its stake in shares of 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 currently owned by institutional investors.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the transaction, the chief technology officer now directly owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is owned by company insiders.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $131.08 on Friday. The stock has a market cap of $3.94 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $144.94. The stock has a fifty day moving average of $132.83 and a 200-day moving average of $130.67.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.05. The company had revenue of $278.28 million during the quarter, compared to analysts’ expectations of $275.00 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 7.65 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.