The North Carolina State Treasurer increased its stake in Grand Canyon Education, Inc. (NASDAQ: LOPE – Get Rating) by 1.6% in Q1, HoldingsChannel reports. The institutional investor held 14,605 shares of the company after purchasing an additional 228 shares during the period. The North Carolina State Treasurer’s holdings of Grand Canyon Education were worth $1,418,000 when he last filed with the SEC.
Other large investors have also changed their stake in the company. Wedbush Securities Inc. acquired a new position in Grand Canyon Education stock in Q1 worth $216,000. Aviva PLC increased its stake in Grand Canyon Education by 67.3% in the fourth quarter. Aviva PLC now owns 31,681 shares of the company worth $2,715,000 after purchasing an additional 12,742 shares during the period. American Century Companies Inc. increased its stake in Grand Canyon Education by 174.3% during the 4th quarter. American Century Companies Inc. now owns 85,810 shares of the company worth $7,355,000 after purchasing an additional 54,522 shares during the period. GSA Capital Partners LLP acquired a new stake in Grand Canyon Education during the 4th quarter at a value of $440,000. Finally, Teacher Retirement System of Texas increased its stake in Grand Canyon Education by 18.5% in the 4th quarter. Teacher Retirement System of Texas now owns 8,756 shares of the company worth $750,000 after purchasing 1,368 additional shares during the period. Institutional investors and hedge funds hold 91.04% of the company’s shares.
Grand Canyon Education Stock Performance
LOPE stock opened at $85.89 on Monday. Grand Canyon Education, Inc. has a one-year minimum of $70.00 and a one-year maximum of $102.04. The stock has a market capitalization of $2.75 billion, a PE ratio of 15.09, a growth price-earnings ratio of 1.02 and a beta of 0.43. The company has a fifty-day moving average of $90.19 and a 200-day moving average of $91.30.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last released its results on Thursday, August 4. The company reported EPS of $0.85 for the quarter, beating the consensus estimate of $0.84 by $0.01. Grand Canyon Education had a net margin of 23.99% and a return on equity of 23.44%. The company posted revenue of $199.80 million in the quarter, compared to $201.07 million expected by analysts. In the same quarter last year, the company achieved EPS of $1.12. The company’s revenue was down 0.8% year over year. Stock analysts expect Grand Canyon Education, Inc. to post earnings per share of 5.63 for the current fiscal year.
Analyst upgrades and downgrades
A number of brokerages have recently weighed in on LOPE. Robert W. Baird raised his price target on Grand Canyon Education stock from $95.00 to $111.00 in a Thursday, May 5 research note. StockNews.com upgraded Grand Canyon Education shares from a “buy” rating to a “hold” rating in a Wednesday, May 11 research note. Finally, Barrington Research raised its price target on Grand Canyon Education shares from $100.00 to $110.00 in a Thursday, May 5 research note.
In other news, CAO Lori Browning sold 1,000 shares in a trade dated Tuesday, June 7. The shares were sold at an average price of $90.37, for a total value of $90,370.00. Following completion of the transaction, the chief accounting officer now owns 15,369 shares of the company, valued at approximately $1,388,896.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders own 1.80% of the shares of the company.
Grand Canyon Education Corporate Profile
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Grand Canyon Education, Inc provides educational services to colleges and universities across the United States. The company’s technology services include learning management system, internal administration, infrastructure and support services; academic services include program and curriculum, faculty and related training and development, course planning, and skills and simulation lab sites; and counseling and support services include admission, financial aid, field experience, and other counseling services.
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