Choreo LLC Grows Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Choreo LLC grew its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 11.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,491 shares of the company’s stock after purchasing an additional 253 shares during the quarter. Choreo LLC’s holdings in Grand Canyon Education were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LOPE. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Grand Canyon Education in the third quarter valued at about $1,867,000. Thrivent Financial for Lutherans raised its holdings in shares of Grand Canyon Education by 4.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after buying an additional 19,577 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Grand Canyon Education by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock valued at $352,000 after buying an additional 209 shares during the period. Icon Wealth Advisors LLC lifted its position in Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock worth $1,307,000 after acquiring an additional 4,901 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Grand Canyon Education by 9.8% in the 3rd quarter. Raymond James & Associates now owns 66,160 shares of the company’s stock worth $9,385,000 after acquiring an additional 5,902 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

LOPE opened at $182.11 on Thursday. The stock has a market capitalization of $5.31 billion, a PE ratio of 23.93, a P/E/G ratio of 1.37 and a beta of 0.74. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $183.79. The firm’s fifty day moving average price is $168.58 and its 200 day moving average price is $153.93.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the sale, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LOPE. BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird upped their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $180.00 target price on shares of Grand Canyon Education in a research report on Monday, January 27th.

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.