Quantinno Capital Management LP Grows Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Quantinno Capital Management LP grew its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 56,648 shares of the company’s stock after acquiring an additional 1,569 shares during the quarter. Quantinno Capital Management LP’s holdings in Grand Canyon Education were worth $8,036,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new position in shares of Grand Canyon Education in the 3rd quarter valued at about $28,000. True Wealth Design LLC purchased a new position in shares of Grand Canyon Education in the 3rd quarter valued at about $31,000. Capital Performance Advisors LLP purchased a new position in shares of Grand Canyon Education in the 3rd quarter valued at about $60,000. Blue Trust Inc. increased its holdings in shares of Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after acquiring an additional 533 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock valued at $90,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on 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 of the company’s stock, valued at approximately $3,202,249.02. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LOPE. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird raised their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets raised their price target on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barrington Research raised their price target on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Grand Canyon Education Price Performance

LOPE opened at $169.80 on Friday. The business has a 50 day simple moving average of $149.01 and a 200-day simple moving average of $145.25. The stock has a market capitalization of $4.95 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.38 and a beta of 0.76. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. Research analysts anticipate that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Grand Canyon Education Company 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.