Wealthfront Advisers LLC Purchases New Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wealthfront Advisers LLC purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,042 shares of the company’s stock, valued at approximately $1,317,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Grand Canyon Education by 6.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,256 shares of the company’s stock valued at $1,189,000 after acquiring an additional 415 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $704,000. Raymond James Financial Inc. purchased a new stake in Grand Canyon Education in the fourth quarter worth $10,262,000. Victory Capital Management Inc. increased its position in Grand Canyon Education by 13.1% in the fourth quarter. Victory Capital Management Inc. now owns 11,394 shares of the company’s stock worth $1,866,000 after buying an additional 1,319 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in Grand Canyon Education in the fourth quarter worth $202,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LOPE shares. Barrington Research raised their target price on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets raised their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, December 18th. The stock was 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 of the company’s stock, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $168.91 on Friday. The stock has a market cap of $4.85 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a fifty-two week low of $126.17 and a fifty-two week high of $192.18. The stock has a fifty day moving average of $174.37 and a 200-day moving average of $159.12.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Grand Canyon Education Company Profile

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.