Signaturefd LLC Raises Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Signaturefd LLC grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 22.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,316 shares of the company’s stock after buying an additional 241 shares during the quarter. Signaturefd LLC’s holdings in Grand Canyon Education were worth $174,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LOPE. Alaska Permanent Fund Corp grew its holdings in shares of Grand Canyon Education by 10.4% during the third quarter. Alaska Permanent Fund Corp now owns 79,446 shares of the company’s stock worth $9,286,000 after buying an additional 7,465 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of 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 buying an additional 85 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Grand Canyon Education during the third quarter worth about $592,000. Sei Investments Co. grew its holdings in shares of Grand Canyon Education by 7.8% during the third quarter. Sei Investments Co. now owns 168,209 shares of the company’s stock worth $19,660,000 after buying an additional 12,125 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its holdings in shares of Grand Canyon Education by 11.9% during the third quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company’s stock worth $101,904,000 after buying an additional 92,445 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Grand Canyon Education Stock Up 1.6 %

NASDAQ LOPE opened at $131.98 on Monday. The firm has a market cap of $3.96 billion, a P/E ratio of 19.41, a P/E/G ratio of 1.15 and a beta of 0.59. Grand Canyon Education, Inc. has a 52-week low of $99.65 and a 52-week high of $144.94. The business’s 50-day moving average price is $132.51 and its 200 day moving average price is $131.40.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.05. The firm had revenue of $278.28 million during the quarter, compared to the consensus estimate of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Grand Canyon Education

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.