Great West Life Assurance Co. Can Makes New Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Great West Life Assurance Co. Can purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPEGet Rating) during the 3rd quarter, Holdings Channel reports. The fund purchased 51,516 shares of the company’s stock, valued at approximately $4,233,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alaska Permanent Fund Corp lifted its position in Grand Canyon Education by 18.1% during the 3rd quarter. Alaska Permanent Fund Corp now owns 58,244 shares of the company’s stock worth $4,790,000 after buying an additional 8,934 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in Grand Canyon Education by 10.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,428 shares of the company’s stock worth $2,338,000 after buying an additional 2,742 shares in the last quarter. Lapides Asset Management LLC lifted its position in Grand Canyon Education by 9.6% during the 3rd quarter. Lapides Asset Management LLC now owns 50,200 shares of the company’s stock worth $4,129,000 after buying an additional 4,400 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Grand Canyon Education by 49.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 20,152 shares of the company’s stock worth $1,657,000 after buying an additional 6,678 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Grand Canyon Education by 153.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 246,220 shares of the company’s stock worth $20,250,000 after buying an additional 149,192 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Insider Activity at Grand Canyon Education

In related news, Director Sara R. Dial sold 1,614 shares of the company’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $107.27, for a total value of $173,133.78. Following the transaction, the director now owns 3,972 shares in the company, valued at approximately $426,076.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $98.00 to $120.00 in a report on Friday, November 11th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Finally, TheStreet raised shares of Grand Canyon Education from a “c+” rating to a “b-” rating in a report on Wednesday, November 9th.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $111.91 on Monday. Grand Canyon Education, Inc. has a 52 week low of $72.00 and a 52 week high of $116.65. The firm has a market cap of $3.49 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. The firm’s 50-day simple moving average is $108.89 and its 200 day simple moving average is $95.15.

Grand Canyon Education (NASDAQ:LOPEGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.15. Grand Canyon Education had a net margin of 21.99% and a return on equity of 27.54%. The business had revenue of $208.72 million for the quarter, compared to analyst estimates of $208.30 million. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 5.85 earnings per share for the current year.

Grand Canyon Education Profile

(Get Rating)

Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.

Further Reading

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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