8,300 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 8,300 shares of the company’s stock, valued at approximately $1,096,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Treasurer of the State of North Carolina grew its holdings in Grand Canyon Education by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock worth $2,226,000 after acquiring an additional 85 shares during the period. Riverwater Partners LLC grew its holdings in Grand Canyon Education by 0.7% during the fourth quarter. Riverwater Partners LLC now owns 12,597 shares of the company’s stock worth $1,663,000 after acquiring an additional 89 shares during the period. Park Place Capital Corp grew its holdings in Grand Canyon Education by 11.0% during the third quarter. Park Place Capital Corp now owns 947 shares of the company’s stock worth $111,000 after acquiring an additional 94 shares during the period. Signaturefd LLC grew its holdings in Grand Canyon Education by 15.2% in 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 grew its holdings in Grand Canyon Education by 14.0% in the third quarter. Covestor Ltd now owns 1,181 shares of the company’s stock valued at $138,000 after purchasing an additional 145 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the firm’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 value of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Trading Down 0.2 %

Shares of LOPE opened at $128.70 on Wednesday. Grand Canyon Education, Inc. has a 12 month low of $99.65 and a 12 month high of $144.94. The stock’s 50 day moving average is $132.61 and its two-hundred day moving average is $131.09. The firm has a market cap of $3.86 billion, a P/E ratio of 18.93, a PEG ratio of 1.11 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 EPS for the quarter, beating the consensus estimate of $2.72 by $0.05. The company had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.00 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. Equities research analysts forecast that Grand Canyon Education, Inc. will post 7.65 EPS for the current 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.