Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Credit Suisse AG

Credit Suisse AG lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,563 shares of the company’s stock after purchasing an additional 642 shares during the period. Credit Suisse AG owned about 0.15% of Grand Canyon Education worth $5,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in shares of Grand Canyon Education by 160.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 300 shares of the company’s stock valued at $32,000 after buying an additional 185 shares during the period. Belpointe Asset Management LLC acquired a new stake in Grand Canyon Education during the 4th quarter worth $39,000. Ronald Blue Trust Inc. lifted its position in Grand Canyon Education by 237.6% in the first quarter. Ronald Blue Trust Inc. now owns 574 shares of the company’s stock valued at $61,000 after acquiring an additional 404 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth about $106,000. Finally, Simplex Trading LLC purchased a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $106,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $114.60 on Wednesday. The firm has a market capitalization of $3.47 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.60. The stock’s 50 day moving average price is $107.82 and its 200 day moving average price is $110.20. Grand Canyon Education, Inc. has a one year low of $78.37 and a one year high of $124.53.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, August 3rd. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.14. The company had revenue of $210.58 million for the quarter, compared to the consensus estimate of $208.09 million. Grand Canyon Education had a return on equity of 31.06% and a net margin of 20.42%. Grand Canyon Education’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, analysts forecast that Grand Canyon Education, Inc. will post 6.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Grand Canyon Education in a report on Friday, August 4th. StockNews.com started coverage on Grand Canyon Education in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

Insider Activity at Grand Canyon Education

In other news, Director Lisa Graham Keegan sold 540 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $109.34, for a total transaction of $59,043.60. Following the sale, the director now owns 2,905 shares in the company, valued at $317,632.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Lisa Graham Keegan sold 540 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $109.34, for a total value of $59,043.60. Following the completion of the sale, the director now owns 2,905 shares of the company’s stock, valued at approximately $317,632.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Lori Browning sold 2,500 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $112.75, for a total transaction of $281,875.00. Following the transaction, the chief accounting officer now owns 13,663 shares in the company, valued at approximately $1,540,503.25. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

About Grand Canyon Education

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.