Belpointe Asset Management LLC Purchases New Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Belpointe Asset Management LLC bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 369 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also bought and sold shares of LOPE. Van ECK Associates Corp increased its holdings in shares of Grand Canyon Education by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 1,263 shares of the company’s stock worth $133,000 after buying an additional 100 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Grand Canyon Education by 0.6% in the 4th quarter. Yousif Capital Management LLC now owns 16,476 shares of the company’s stock worth $1,741,000 after buying an additional 102 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Grand Canyon Education by 17.8% in the 4th quarter. Signaturefd LLC now owns 849 shares of the company’s stock worth $90,000 after buying an additional 128 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Grand Canyon Education by 76.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock worth $26,000 after buying an additional 137 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Grand Canyon Education by 2.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,630 shares of the company’s stock worth $701,000 after buying an additional 180 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Grand Canyon Education in a report on Thursday, May 18th. They issued a “hold” rating on the stock. BMO Capital Markets increased their target price on shares of Grand Canyon Education from $125.00 to $126.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. Finally, Barrington Research increased their target price on shares of Grand Canyon Education from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd.

Grand Canyon Education Stock Down 1.3 %

Shares of Grand Canyon Education stock opened at $106.54 on Friday. The firm has a market cap of $3.27 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.12 and a beta of 0.62. Grand Canyon Education, Inc. has a 12-month low of $78.37 and a 12-month high of $124.53. The company’s fifty day simple moving average is $113.12 and its two-hundred day simple moving average is $111.56.

Grand Canyon Education (NASDAQ:LOPE – Get Rating) last posted its earnings results on Tuesday, May 2nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.96 by $0.04. Grand Canyon Education had a net margin of 20.29% and a return on equity of 30.99%. The firm had revenue of $250.13 million during the quarter, compared to analysts’ expectations of $249.74 million. During the same period last year, the company posted $1.72 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Transactions at Grand Canyon Education

In other news, Director Jack A. Henry sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $109.53, for a total value of $273,825.00. Following the completion of the sale, the director now directly owns 15,493 shares of the company’s stock, valued at approximately $1,696,948.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Jack A. Henry sold 2,500 shares of Grand Canyon Education stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $109.53, for a total transaction of $273,825.00. Following the completion of the transaction, the director now directly owns 15,493 shares of the company’s stock, valued at approximately $1,696,948.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kathy J. Claypatch sold 1,500 shares of Grand Canyon Education stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $112.59, for a total transaction of $168,885.00. Following the transaction, the insider now directly owns 8,550 shares of the company’s stock, valued at $962,644.50. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Company Profile

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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.