1,711 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,711 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $27,000. Reston Wealth Management LLC bought a new stake in Grand Canyon Education during the 3rd quarter valued at approximately $28,000. True Wealth Design LLC acquired a new stake in Grand Canyon Education in the 3rd quarter valued at approximately $31,000. Financial Life Planners acquired a new stake in Grand Canyon Education in the 4th quarter valued at approximately $37,000. Finally, Capital Performance Advisors LLP bought a new position in Grand Canyon Education in the 3rd quarter worth approximately $60,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $182.11 on Thursday. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $183.79. The stock has a fifty day moving average price of $168.58 and a 200 day moving average price of $153.93. The stock has a market cap of $5.31 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LOPE shares. BMO Capital Markets increased their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barrington Research reissued an “outperform” rating and issued a $180.00 price target on shares of Grand Canyon Education in a report on Monday, January 27th. Robert W. Baird upped their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares of the company’s stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

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.