Great West Life Assurance Co. Can Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Great West Life Assurance Co. Can bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPEGet Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,516 shares of the company’s stock, valued at approximately $4,233,000. Great West Life Assurance Co. Can owned about 0.17% of Grand Canyon Education at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised 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 valued at $327,650,000 after acquiring an additional 43,876 shares during the last quarter. Riverbridge Partners LLC increased its holdings 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 valued at $173,967,000 after purchasing an additional 9,672 shares in the last quarter. State Street Corp increased its holdings 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 valued at $105,881,000 after purchasing an additional 41,102 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Grand Canyon Education by 0.8% in the second quarter. Burgundy Asset Management Ltd. now owns 960,675 shares of the company’s stock valued at $90,486,000 after purchasing an additional 7,302 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Grand Canyon Education by 19,263.1% in the second quarter. FMR LLC now owns 613,230 shares of the company’s stock valued at $57,760,000 after purchasing an additional 610,063 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sara R. Dial sold 1,614 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $107.27, for a total value of $173,133.78. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TheStreet raised shares of Grand Canyon Education from a “c+” rating to a “b-” rating in a report on Wednesday, November 9th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Finally, BMO Capital Markets raised their price target on shares of Grand Canyon Education from $98.00 to $120.00 in a report on Friday, November 11th.

Grand Canyon Education Stock Performance

LOPE opened at $111.91 on Monday. The company has a fifty day moving average price of $108.89 and a two-hundred day moving average price of $95.15. Grand Canyon Education, Inc. has a 52 week low of $72.00 and a 52 week high of $116.65. The firm has a market capitalization of $3.49 billion, a PE ratio of 20.09, a P/E/G ratio of 1.17 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPEGet Rating) last released its earnings results on Thursday, October 27th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.15. Grand Canyon Education had a net margin of 21.99% and a return on equity of 27.54%. The firm had revenue of $208.72 million during the quarter, compared to analyst estimates of $208.30 million. Equities analysts forecast that Grand Canyon Education, Inc. will post 5.85 EPS for the current year.

Grand Canyon Education Company Profile

(Get Rating)

Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.

Further Reading

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

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