True Wealth Design LLC Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

True Wealth Design LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 222 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors have also recently added to or reduced their stakes in LOPE. Wasatch Advisors LP increased its holdings in shares of Grand Canyon Education by 15.4% in the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock valued at $72,878,000 after purchasing an additional 68,579 shares during the period. Glenmede Trust Co. NA purchased a new position in Grand Canyon Education in the 3rd quarter valued at $334,000. FMR LLC increased its stake in Grand Canyon Education by 12.0% in the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock valued at $187,725,000 after buying an additional 141,648 shares during the period. Cerity Partners LLC raised its position in Grand Canyon Education by 41.8% during the 3rd quarter. Cerity Partners LLC now owns 20,995 shares of the company’s stock worth $2,978,000 after buying an additional 6,184 shares during the last quarter. Finally, Icon Wealth Advisors LLC raised 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 buying an additional 4,901 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Trading Down 0.1 %

Shares of LOPE opened at $164.59 on Monday. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $173.37. The firm has a market capitalization of $4.80 billion, a P/E ratio of 21.63, a PEG ratio of 1.37 and a beta of 0.70. The firm’s 50-day moving average is $147.04 and its two-hundred day moving average is $144.59.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barrington Research boosted their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their target price on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets lifted their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

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.