Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,145 shares of the company's stock after acquiring an additional 2,225 shares during the period. Cerity Partners LLC owned approximately 0.08% of Grand Canyon Education worth $4,178,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Capital Insight Partners LLC boosted its holdings in Grand Canyon Education by 3.6% during the 1st quarter. Capital Insight Partners LLC now owns 5,404 shares of the company's stock valued at $935,000 after acquiring an additional 189 shares during the period. Nisa Investment Advisors LLC grew its holdings in Grand Canyon Education by 9.7% during the first quarter. Nisa Investment Advisors LLC now owns 13,458 shares of the company's stock worth $2,329,000 after acquiring an additional 1,190 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Grand Canyon Education by 61.8% during the first quarter. Crossmark Global Holdings Inc. now owns 36,111 shares of the company's stock worth $6,248,000 after acquiring an additional 13,789 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Grand Canyon Education by 1.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 45,286 shares of the company's stock worth $7,835,000 after purchasing an additional 500 shares in the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new position in Grand Canyon Education during the first quarter worth approximately $232,000. Institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

LOPE has been the topic of several analyst reports. BMO Capital Markets lowered their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research note on Monday, July 7th. Wall Street Zen downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Barrington Research boosted their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock traded down $1.72 during trading on Monday, hitting $170.10. The company's stock had a trading volume of 209,371 shares, compared to its average volume of 184,628. The company has a fifty day simple moving average of $187.55 and a two-hundred day simple moving average of $179.24. The company has a market capitalization of $4.83 billion, a PE ratio of 21.34, a P/E/G ratio of 1.31 and a beta of 0.77. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The business had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. During the same period in the previous year, the company posted $2.35 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. As a group, analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

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.