Victory Capital Management Inc. Has $1.87 Million Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Victory Capital Management Inc. increased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 13.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,394 shares of the company’s stock after purchasing an additional 1,319 shares during the quarter. Victory Capital Management Inc.’s holdings in Grand Canyon Education were worth $1,866,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. KBC Group NV boosted its position in shares of Grand Canyon Education by 22.0% during the third quarter. KBC Group NV now owns 944 shares of the company’s stock worth $134,000 after buying an additional 170 shares during the period. Empowered Funds LLC boosted its position in Grand Canyon Education by 4.4% during the 3rd quarter. Empowered Funds LLC now owns 10,041 shares of the company’s stock worth $1,424,000 after acquiring an additional 421 shares during the last quarter. Natixis Advisors LLC bought a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $1,440,000. Thrivent Financial for Lutherans raised its holdings in shares of Grand Canyon Education by 4.8% in the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock valued at $60,092,000 after purchasing an additional 19,577 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of Grand Canyon Education by 20.4% in the third quarter. Quest Partners LLC now owns 14,812 shares of the company’s stock worth $2,101,000 after purchasing an additional 2,513 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 0.4 %

NASDAQ LOPE opened at $169.64 on Tuesday. The firm has a market capitalization of $4.87 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. The firm’s fifty day moving average price is $174.53 and its two-hundred day moving average price is $159.42. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The firm had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s 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 transaction, the chief technology officer now owns 21,174 shares of the company’s stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barrington Research raised their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets upped their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

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.