Grand Canyon Education, Inc. (NASDAQ:LOPE) Stock Holdings Lifted by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp raised its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 86,044 shares of the company’s stock after acquiring an additional 6,598 shares during the period. Alaska Permanent Fund Corp’s holdings in Grand Canyon Education were worth $11,361,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LOPE. Treasurer of the State of North Carolina grew its holdings in shares of Grand Canyon Education by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after acquiring an additional 85 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Grand Canyon Education in the third quarter worth $592,000. Sei Investments Co. boosted its holdings in Grand Canyon Education by 7.8% in the third quarter. Sei Investments Co. now owns 168,209 shares of the company’s stock worth $19,660,000 after purchasing an additional 12,125 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in Grand Canyon Education by 11.9% in the third quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company’s stock worth $101,904,000 after purchasing an additional 92,445 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Grand Canyon Education by 26.1% in the third quarter. Envestnet Asset Management Inc. now owns 254,484 shares of the company’s stock worth $29,744,000 after purchasing an additional 52,650 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and issued a $160.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 18th.

Insider Buying and Selling

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the transaction, the chief technology officer now owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Trading Up 0.3 %

NASDAQ:LOPE traded up $0.40 during mid-day trading on Thursday, hitting $129.28. The company’s stock had a trading volume of 5,600 shares, compared to its average volume of 194,838. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $144.94. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.12 and a beta of 0.59. The stock has a fifty day moving average of $132.54 and a 200-day moving average of $131.08.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.05. The firm had revenue of $278.28 million for the quarter, compared to analysts’ expectations of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. On average, equities analysts anticipate that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current fiscal year.

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.