Harel Insurance Investments & Financial Services Ltd. Purchases 11,245 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,786 shares of the company’s stock after acquiring an additional 11,245 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Grand Canyon Education were worth $7,336,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new stake in Grand Canyon Education during the 3rd quarter valued at $28,000. True Wealth Design LLC bought a new position in shares of Grand Canyon Education in the third quarter valued at about $31,000. Versant Capital Management Inc boosted its holdings in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after buying an additional 167 shares during the period. Capital Performance Advisors LLP acquired a new position in Grand Canyon Education in the 3rd quarter valued at about $60,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Grand Canyon Education in the 3rd quarter valued at about $86,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

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 sale, the chief technology officer now owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Up 0.2 %

LOPE opened at $171.59 on Friday. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.30 and a beta of 0.75. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $176.77. The company has a 50-day simple moving average of $165.29 and a 200 day simple moving average of $151.21.

Grand Canyon Education (NASDAQ:LOPE) last issued 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 company had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.03 EPS 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.