Radnor Capital Management LLC Invests $439,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Radnor Capital Management LLC bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,250 shares of the company’s stock, valued at approximately $439,000.

A number of other institutional investors have also recently modified their holdings of LOPE. DGS Capital Management LLC bought a new position in shares of Grand Canyon Education during the first quarter valued at $217,000. Ontario Teachers Pension Plan Board lifted its holdings in shares of Grand Canyon Education by 19.9% during the first quarter. Ontario Teachers Pension Plan Board now owns 31,769 shares of the company’s stock valued at $3,618,000 after purchasing an additional 5,277 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Grand Canyon Education by 65.8% during the first quarter. Macquarie Group Ltd. now owns 39,595 shares of the company’s stock valued at $4,510,000 after purchasing an additional 15,707 shares in the last quarter. Toroso Investments LLC lifted its holdings in shares of Grand Canyon Education by 28.0% during the first quarter. Toroso Investments LLC now owns 4,801 shares of the company’s stock valued at $547,000 after purchasing an additional 1,049 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Grand Canyon Education by 35.2% during the first quarter. JPMorgan Chase & Co. now owns 118,576 shares of the company’s stock valued at $13,507,000 after purchasing an additional 30,866 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LOPE. StockNews.com began coverage on Grand Canyon Education in a report on Thursday, August 17th. They set a “hold” rating on the stock. Barrington Research reissued an “outperform” rating and issued a $140.00 target price on shares of Grand Canyon Education in a report on Friday, August 4th.

Insider Buying and Selling

In related news, Director Lisa Graham Keegan sold 540 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $109.34, for a total transaction of $59,043.60. Following the completion of the sale, the director now owns 2,905 shares in the company, valued at $317,632.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Grand Canyon Education news, CAO Lori Browning sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $112.75, for a total transaction of $281,875.00. Following the completion of the transaction, the chief accounting officer now owns 13,663 shares in the company, valued at approximately $1,540,503.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lisa Graham Keegan sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $109.34, for a total value of $59,043.60. Following the transaction, the director now owns 2,905 shares of the company’s stock, valued at approximately $317,632.70. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Trading Down 0.0 %

LOPE stock traded down $0.02 during trading on Friday, reaching $113.30. The stock had a trading volume of 36,794 shares, compared to its average volume of 186,868. The stock’s 50 day moving average is $110.70 and its two-hundred day moving average is $110.11. Grand Canyon Education, Inc. has a 52 week low of $78.37 and a 52 week high of $124.53. The firm has a market cap of $3.43 billion, a PE ratio of 18.40, a PEG ratio of 1.13 and a beta of 0.59.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.87 by $0.14. Grand Canyon Education had a return on equity of 31.06% and a net margin of 20.42%. The firm had revenue of $210.58 million for the quarter, compared to the consensus estimate of $208.09 million. During the same quarter last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 6.68 EPS for the current year.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.