Cerity Partners LLC Purchases Shares of 2,733 Grand Canyon Education, Inc. (NASDAQ:LOPE)

Cerity Partners LLC purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,733 shares of the company’s stock, valued at approximately $361,000.

Several other hedge funds have also bought and sold shares of LOPE. CWM LLC grew its holdings in Grand Canyon Education by 98.4% during the third quarter. CWM LLC now owns 373 shares of the company’s stock valued at $44,000 after purchasing an additional 185 shares during the period. Blue Trust Inc. grew its holdings in Grand Canyon Education by 120.2% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $56,000 after purchasing an additional 232 shares during the period. Geneos Wealth Management Inc. grew its holdings in Grand Canyon Education by 208.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock valued at $57,000 after purchasing an additional 290 shares during the period. Signaturefd LLC grew its holdings in Grand Canyon Education by 15.2% during the third quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock valued at $126,000 after purchasing an additional 142 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Grand Canyon Education by 14.0% in the third quarter. Covestor Ltd now owns 1,181 shares of the company’s stock worth $138,000 after acquiring an additional 145 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 1.6 %

Shares of Grand Canyon Education stock opened at $131.98 on Friday. The stock has a 50 day moving average of $132.51 and a 200 day moving average of $131.18. Grand Canyon Education, Inc. has a 12 month low of $99.65 and a 12 month high of $144.94. The firm has a market cap of $3.96 billion, a PE ratio of 19.41, a PEG ratio of 1.12 and a beta of 0.59.

Grand Canyon Education (NASDAQ:LOPE) last issued 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. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The business had revenue of $278.28 million for the quarter, compared to the consensus estimate of $275.00 million. As a group, equities research analysts forecast that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling 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 that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the sale, the chief technology officer now directly owns 25,674 shares in the company, valued at $3,405,656.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

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

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.