1,880 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Acquired by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,880 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Grand Canyon Education by 1.3% during the 1st quarter. BlackRock Inc. now owns 3,374,021 shares of the company’s stock worth $327,650,000 after acquiring an additional 43,876 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Grand Canyon Education by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,975,420 shares of the company’s stock worth $244,729,000 after acquiring an additional 23,522 shares during the last quarter. State Street Corp lifted its stake in shares of Grand Canyon Education by 3.9% during the 1st 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 in the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Grand Canyon Education by 2.8% during the 3rd 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 in the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in shares of Grand Canyon Education by 11.9% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research lifted their target price on shares of Grand Canyon Education from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Stock Performance

Grand Canyon Education stock traded up $1.29 during trading hours on Thursday, hitting $136.21. The company had a trading volume of 199,766 shares, compared to its average volume of 208,301. The company has a 50-day moving average price of $131.53 and a two-hundred day moving average price of $128.76. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94. The firm has a market cap of $4.09 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.16 and a beta of 0.59.

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, 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 during the quarter, compared to analysts’ expectations of $275.00 million. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 7.65 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.