Victory Capital Management Inc. Acquires 219 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Victory Capital Management Inc. grew its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,075 shares of the company’s stock after purchasing an additional 219 shares during the quarter. Victory Capital Management Inc.’s holdings in Grand Canyon Education were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of LOPE. Versor Investments LP acquired a new position in Grand Canyon Education during the third quarter worth $241,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Grand Canyon Education by 6.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 13,988 shares of the company’s stock worth $1,984,000 after acquiring an additional 849 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Grand Canyon Education by 13.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 33,931 shares of the company’s stock valued at $4,813,000 after acquiring an additional 3,906 shares during the last quarter. Assetmark Inc. raised its stake in shares of Grand Canyon Education by 16.4% in the 3rd quarter. Assetmark Inc. now owns 6,563 shares of the company’s stock valued at $931,000 after acquiring an additional 927 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Grand Canyon Education in the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 completion of the transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This trade represents a 6.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LOPE. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. 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. Robert W. Baird upped their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Barrington Research raised their price target on Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Grand Canyon Education Trading Up 0.9 %

Shares of LOPE stock opened at $167.88 on Tuesday. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $173.37. The firm’s fifty day simple moving average is $145.18 and its 200 day simple moving average is $144.06. The firm has a market capitalization of $4.89 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.38 and a beta of 0.70.

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