Custom Index Systems LLC Buys Shares of 2,801 Grand Canyon Education, Inc. (NASDAQ:LOPE)

Custom Index Systems LLC bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 3rd quarter, Holdings Channel.com reports. The firm bought 2,801 shares of the company’s stock, valued at approximately $397,000.

Other hedge funds have also recently bought and sold shares of the company. Wealth Alliance boosted its holdings in Grand Canyon Education by 3.8% during the second quarter. Wealth Alliance now owns 2,428 shares of the company’s stock worth $340,000 after buying an additional 89 shares in the last quarter. NBC Securities Inc. lifted its stake in Grand Canyon Education by 12.6% during the third quarter. NBC Securities Inc. now owns 856 shares of the company’s stock valued at $121,000 after buying an additional 96 shares in the last quarter. Capital Insight Partners LLC lifted its position in shares of Grand Canyon Education by 2.5% in the 2nd quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after acquiring an additional 105 shares in the last quarter. Allegheny Financial Group LTD lifted its holdings in shares of Grand Canyon Education by 4.3% in the second quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after purchasing an additional 109 shares in the last quarter. Finally, Creative Planning lifted its stake in Grand Canyon Education by 2.4% in the 3rd quarter. Creative Planning now owns 4,723 shares of the company’s stock worth $670,000 after acquiring an additional 109 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction dated 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 directly owns 22,674 shares in the company, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LOPE has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barrington Research reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a report on Friday, September 20th. Finally, StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

Grand Canyon Education Stock Down 0.2 %

Grand Canyon Education stock opened at $133.13 on Monday. Grand Canyon Education, Inc. has a 12-month low of $114.12 and a 12-month high of $157.53. The stock has a 50-day simple moving average of $139.31 and a 200 day simple moving average of $140.70. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.10 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same period in the prior year, the business posted $1.01 earnings per share. Grand Canyon Education’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 7.98 EPS for the current year.

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.