1,880 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,880 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Grand Canyon Education in the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC purchased a new position in shares of Grand Canyon Education during the 2nd quarter worth about $33,000. CWM LLC lifted its holdings in shares of Grand Canyon Education by 98.4% during the 3rd quarter. CWM LLC now owns 373 shares of the company’s stock worth $44,000 after acquiring an additional 185 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Grand Canyon Education by 4,480.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 458 shares of the company’s stock worth $54,000 after acquiring an additional 448 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Grand Canyon Education by 182.3% during the 1st quarter. NewEdge Advisors LLC now owns 463 shares of the company’s stock worth $53,000 after acquiring an additional 299 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

LOPE traded up $1.29 on Thursday, reaching $136.21. 199,766 shares of the company’s stock were exchanged, compared to its average volume of 208,301. The company’s 50 day moving average is $131.53 and its 200-day moving average is $128.76. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.16 and a beta of 0.59. Grand Canyon Education, Inc. has a twelve month low of $99.65 and a twelve month high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.05. The firm had revenue of $278.28 million during the quarter, compared to the consensus estimate of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. Sell-side analysts forecast that Grand Canyon Education, Inc. will post 7.65 EPS for the current year.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research increased their price objective on shares of Grand Canyon Education from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th.

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.