Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPEGet Rating) by 10.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,428 shares of the company’s stock after acquiring an additional 2,742 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of Grand Canyon Education worth $2,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Grand Canyon Education by 1.3% in the first quarter. BlackRock Inc. now owns 3,374,021 shares of the company’s stock worth $327,650,000 after acquiring an additional 43,876 shares during the last quarter. Riverbridge Partners LLC boosted its stake in shares of Grand Canyon Education by 0.5% in the third quarter. Riverbridge Partners LLC now owns 2,115,098 shares of the company’s stock worth $173,967,000 after acquiring an additional 9,672 shares during the last quarter. State Street Corp boosted its stake in shares of Grand Canyon Education by 3.9% in the first quarter. State Street Corp now owns 1,090,321 shares of the company’s stock worth $105,881,000 after acquiring an additional 41,102 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Grand Canyon Education by 0.8% during the second quarter. Burgundy Asset Management Ltd. now owns 960,675 shares of the company’s stock worth $90,486,000 after buying an additional 7,302 shares during the last quarter. Finally, FMR LLC boosted its stake in Grand Canyon Education by 19,263.1% during the second quarter. FMR LLC now owns 613,230 shares of the company’s stock worth $57,760,000 after buying an additional 610,063 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Stock Up 0.8 %

Shares of Grand Canyon Education stock opened at $111.67 on Tuesday. Grand Canyon Education, Inc. has a 52 week low of $72.00 and a 52 week high of $116.65. The business’s fifty day simple moving average is $108.54 and its 200-day simple moving average is $94.68. The firm has a market cap of $3.48 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPEGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.87 by $0.15. Grand Canyon Education had a return on equity of 27.54% and a net margin of 21.99%. The business had revenue of $208.72 million for the quarter, compared to analyst estimates of $208.30 million. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 5.85 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on LOPE. BMO Capital Markets boosted their price objective on Grand Canyon Education from $98.00 to $120.00 in a research note on Friday, November 11th. TheStreet raised Grand Canyon Education from a “c+” rating to a “b-” rating in a research note on Wednesday, November 9th. Finally, StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th.

Insider Activity

In other news, Director Sara R. Dial sold 1,614 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $107.27, for a total value of $173,133.78. Following the transaction, the director now owns 3,972 shares of the company’s stock, valued at approximately $426,076.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Grand Canyon Education Company Profile

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Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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