Van Berkom & Associates Inc. Has $111.02 Million Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Van Berkom & Associates Inc. decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 677,774 shares of the company’s stock after selling 39,181 shares during the period. Grand Canyon Education accounts for 3.3% of Van Berkom & Associates Inc.’s portfolio, making the stock its 5th largest position. Van Berkom & Associates Inc. owned approximately 2.33% of Grand Canyon Education worth $111,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC lifted its stake in Grand Canyon Education by 9.1% in the fourth quarter. Ieq Capital LLC now owns 3,377 shares of the company’s stock valued at $553,000 after buying an additional 282 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Grand Canyon Education by 186.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,282 shares of the company’s stock worth $210,000 after acquiring an additional 834 shares during the period. Truist Financial Corp lifted its position in Grand Canyon Education by 1.6% in the 4th quarter. Truist Financial Corp now owns 19,397 shares of the company’s stock valued at $3,177,000 after purchasing an additional 299 shares during the last quarter. Monument Capital Management boosted its stake in Grand Canyon Education by 2.6% during the 4th quarter. Monument Capital Management now owns 18,747 shares of the company’s stock valued at $3,071,000 after purchasing an additional 468 shares during the period. Finally, Congress Asset Management Co. acquired a new position in Grand Canyon Education during the 4th quarter valued at about $295,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LOPE shares. BMO Capital Markets raised their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird raised 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. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Barrington Research increased their price target on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday.

Grand Canyon Education Price Performance

Grand Canyon Education stock opened at $187.27 on Friday. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The stock has a market capitalization of $5.46 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. The firm has a 50 day simple moving average of $170.38 and a 200-day simple moving average of $155.18.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. On average, analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’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 directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.