LRI Investments LLC Purchases New Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE)

LRI Investments LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 899 shares of the company’s stock, valued at approximately $132,000.

Several other hedge funds have also modified their holdings of LOPE. Norges Bank acquired a new position in Grand Canyon Education in the 4th quarter worth about $44,529,000. Los Angeles Capital Management LLC raised its stake in shares of Grand Canyon Education by 75.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 410,815 shares of the company’s stock worth $54,244,000 after buying an additional 176,797 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Grand Canyon Education by 105.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 333,028 shares of the company’s stock valued at $43,973,000 after buying an additional 170,956 shares in the last quarter. Acadian Asset Management LLC grew its stake in Grand Canyon Education by 78.5% in the 1st quarter. Acadian Asset Management LLC now owns 308,357 shares of the company’s stock valued at $41,977,000 after acquiring an additional 135,626 shares during the period. Finally, Wasatch Advisors LP grew its stake in Grand Canyon Education by 9.4% in the 1st quarter. Wasatch Advisors LP now owns 463,083 shares of the company’s stock valued at $63,077,000 after acquiring an additional 39,743 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the sale, the director now directly owns 2,635 shares in the company, valued at approximately $389,874.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Grand Canyon Education news, insider Kathy J. Claypatch sold 1,500 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $149.20, for a total transaction of $223,800.00. Following the completion of the sale, the insider now owns 8,320 shares of the company’s stock, valued at $1,241,344. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lisa Graham Keegan sold 270 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the sale, the director now directly owns 2,635 shares of the company’s stock, valued at $389,874.60. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LOPE. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, May 28th. Barrington Research raised their price target on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, Robert W. Baird boosted their price objective on Grand Canyon Education from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th.

Grand Canyon Education Stock Down 0.9 %

Grand Canyon Education stock opened at $151.88 on Friday. The company has a fifty day simple moving average of $143.74 and a 200-day simple moving average of $137.19. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.31 and a beta of 0.66. Grand Canyon Education, Inc. has a 52-week low of $106.75 and a 52-week high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.13. The company had revenue of $274.68 million during the quarter, compared to analysts’ expectations of $272.42 million. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. Grand Canyon Education’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 EPS. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 7.8 EPS for the current fiscal 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.