Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 93.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,170 shares of the company’s stock after buying an additional 565 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Grand Canyon Education were worth $192,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Grand Canyon Education in the fourth quarter worth $27,000. Reston Wealth Management LLC bought a new position in shares of Grand Canyon Education in the third quarter worth $28,000. True Wealth Design LLC bought a new position in shares of Grand Canyon Education in the third quarter worth $31,000. Financial Life Planners bought a new position in shares of Grand Canyon Education in the fourth quarter worth $37,000. Finally, Versant Capital Management Inc grew its stake in shares of Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after purchasing an additional 167 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOPE has been the subject of several research reports. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird raised their target price on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $180.00 target price on shares of Grand Canyon Education in a research note on Monday, January 27th. Finally, BMO Capital Markets raised their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Grand Canyon Education Stock Up 0.1 %

NASDAQ:LOPE opened at $182.11 on Thursday. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $183.79. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74. The stock has a fifty day simple moving average of $168.58 and a 200 day simple moving average of $153.93.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

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.