Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 17.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,254 shares of the company’s stock after acquiring an additional 18,583 shares during the period. Russell Investments Group Ltd. owned about 0.41% of Grand Canyon Education worth $16,407,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of Grand Canyon Education by 98.4% during the third quarter. CWM LLC now owns 373 shares of the company’s stock worth $44,000 after purchasing an additional 185 shares in the last quarter. Xponance Inc. boosted its position in shares of Grand Canyon Education by 12.5% during the 3rd quarter. Xponance Inc. now owns 5,197 shares of the company’s stock worth $607,000 after acquiring an additional 577 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Grand Canyon Education by 11.7% in the 3rd quarter. Raymond James & Associates now owns 66,243 shares of the company’s stock valued at $7,742,000 after acquiring an additional 6,930 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Grand Canyon Education by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,005 shares of the company’s stock worth $702,000 after acquiring an additional 607 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Grand Canyon Education during the third quarter worth approximately $827,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $160.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 18th.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $136.11 on Friday. The company has a fifty day moving average of $132.68 and a two-hundred day moving average of $131.62. The company has a market capitalization of $4.05 billion, a PE ratio of 20.02, a P/E/G ratio of 1.14 and a beta of 0.60. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.05. The firm had revenue of $278.28 million during the quarter, compared to analysts’ expectations of $275.00 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. On average, research analysts expect that Grand Canyon Education, Inc. will post 7.65 earnings per share 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.