Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,254 shares of the company’s stock after acquiring an additional 18,583 shares during the period. Russell Investments Group Ltd.’s holdings in Grand Canyon Education were worth $16,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC lifted its position in shares of Grand Canyon Education by 98.4% during the third quarter. CWM LLC now owns 373 shares of the company’s stock worth $44,000 after purchasing an additional 185 shares during the last quarter. Xponance Inc. raised its stake in Grand Canyon Education by 12.5% during the third quarter. Xponance Inc. now owns 5,197 shares of the company’s stock valued at $607,000 after buying an additional 577 shares in the last quarter. Raymond James & Associates raised its stake in Grand Canyon Education by 11.7% during the third quarter. Raymond James & Associates now owns 66,243 shares of the company’s stock valued at $7,742,000 after buying an additional 6,930 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Grand Canyon Education by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,005 shares of the company’s stock worth $702,000 after buying an additional 607 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Grand Canyon Education in the 3rd quarter worth approximately $827,000. Institutional investors own 94.17% of the company’s stock.

Insider Activity at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the transaction, the chief technology officer now owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $136.11 on Friday. Grand Canyon Education, Inc. has a one year low of $99.65 and a one year high of $144.94. The company has a 50-day simple moving average of $132.68 and a 200-day simple moving average of $131.62. The firm has a market capitalization of $4.05 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.14 and a beta of 0.60.

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

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.