Assetmark Inc. Increases Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Assetmark Inc. lifted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 16.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,563 shares of the company’s stock after buying an additional 927 shares during the period. Assetmark Inc.’s holdings in Grand Canyon Education were worth $931,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new position in Grand Canyon Education in the 3rd quarter valued at about $28,000. Versant Capital Management Inc increased its stake in shares of Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after purchasing an additional 283 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Grand Canyon Education in the third quarter valued at approximately $60,000. Blue Trust Inc. boosted its holdings in shares of Grand Canyon Education by 710.7% in the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after acquiring an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Grand Canyon Education by 46.1% during the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after buying an additional 202 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $159.62 on Friday. The stock has a market cap of $4.65 billion, a P/E ratio of 21.24, a P/E/G ratio of 1.40 and a beta of 0.70. Grand Canyon Education, Inc. has a 52-week low of $118.48 and a 52-week high of $173.37. The firm has a 50 day moving average price of $141.95 and a 200 day moving average price of $142.73.

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

Wall Street Analyst Weigh In

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

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares of the company’s stock, 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 this link. 2.00% of the stock is owned by company insiders.

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.