Counterpoint Mutual Funds LLC Invests $421,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Counterpoint Mutual Funds LLC bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,568 shares of the company’s stock, valued at approximately $421,000.

A number of other large investors also recently modified their holdings of the stock. FMR LLC lifted its position in shares of Grand Canyon Education by 12.0% during the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after purchasing an additional 141,648 shares in the last quarter. State Street Corp lifted its position in shares of Grand Canyon Education by 0.9% during the third quarter. State Street Corp now owns 883,971 shares of the company’s stock worth $125,391,000 after purchasing an additional 8,159 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Grand Canyon Education by 15.4% in the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock valued at $72,878,000 after buying an additional 68,579 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Grand Canyon Education by 4.8% in the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after buying an additional 19,577 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Grand Canyon Education by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company’s stock valued at $47,185,000 after buying an additional 1,101 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $169.64 on Tuesday. Grand Canyon Education, Inc. has a fifty-two week low of $126.17 and a fifty-two week high of $192.18. The firm has a market capitalization of $4.87 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.42 and a beta of 0.78. The company’s 50 day simple moving average is $174.53 and its 200 day simple moving average is $159.42.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barrington Research increased their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

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.