Reston Wealth Management LLC Invests $28,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Reston Wealth Management LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 3rd quarter, HoldingsChannel reports. The firm purchased 200 shares of the company’s stock, valued at approximately $28,000.

Several other large investors have also made changes to their positions in LOPE. Values First Advisors Inc. bought a new stake in Grand Canyon Education in the second quarter worth approximately $1,961,000. Cetera Investment Advisers acquired a new position in Grand Canyon Education during the first quarter worth $2,180,000. DekaBank Deutsche Girozentrale raised its holdings in Grand Canyon Education by 7.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 66,719 shares of the company’s stock valued at $8,865,000 after buying an additional 4,388 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Grand Canyon Education by 450.7% during the 2nd quarter. SG Americas Securities LLC now owns 17,578 shares of the company’s stock worth $2,459,000 after acquiring an additional 14,386 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Grand Canyon Education by 14.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,133 shares of the company’s stock valued at $6,284,000 after acquiring an additional 5,991 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LOPE shares. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets raised 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. Finally, Barrington Research reissued an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a research report on Friday, September 20th.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s 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 sale, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $136.14 on Friday. The company has a fifty day moving average price of $138.81 and a 200 day moving average price of $140.80. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $157.53. The stock has a market cap of $4.01 billion, a P/E ratio of 18.45, a PEG ratio of 1.15 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The business had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. Grand Canyon Education’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 7.98 EPS for the current year.

About Grand Canyon Education

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.