Algert Global LLC Has $13.36 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Algert Global LLC cut its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.0% during the 3rd quarter, Holdings Channel reports. The firm owned 94,180 shares of the company’s stock after selling 1,890 shares during the quarter. Algert Global LLC’s holdings in Grand Canyon Education were worth $13,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the transaction, the chief technology officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $166.45 on Friday. The stock has a fifty day moving average price of $144.70 and a 200-day moving average price of $143.92. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.35 and a beta of 0.70. Grand Canyon Education, Inc. has a fifty-two week low of $118.48 and a fifty-two week high of $173.37.

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

Analyst Upgrades and Downgrades

LOPE has been the subject of several research reports. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barrington Research upped their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets boosted 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.

Grand Canyon Education 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.