Quest Partners LLC Increases Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Quest Partners LLC lifted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 20.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,812 shares of the company’s stock after acquiring an additional 2,513 shares during the period. Quest Partners LLC’s holdings in Grand Canyon Education were worth $2,101,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new position in Grand Canyon Education in the third quarter worth $28,000. Versant Capital Management Inc grew its stake in Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after buying an additional 283 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Grand Canyon Education during the 3rd quarter valued at about $60,000. Blue Trust Inc. raised its stake in Grand Canyon Education by 710.7% in the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after buying an additional 533 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Grand Canyon Education by 46.1% in the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after acquiring an additional 202 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Trading Up 1.4 %

Shares of NASDAQ:LOPE opened at $161.81 on Tuesday. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $173.37. The company has a market cap of $4.72 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.33 and a beta of 0.70. The company’s 50 day moving average is $142.39 and its 200 day moving average is $143.10.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

LOPE has been the topic of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday. Barrington Research lifted their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird upped their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

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.