21,126 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,126 shares of the company's stock, valued at approximately $2,789,000. International Assets Investment Management LLC owned 0.07% of Grand Canyon Education at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LOPE. Price T Rowe Associates Inc. MD increased its position in Grand Canyon Education by 1,607.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 277,368 shares of the company's stock valued at $29,307,000 after purchasing an additional 261,125 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Grand Canyon Education by 824.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 173,643 shares of the company's stock worth $22,928,000 after buying an additional 154,858 shares during the last quarter. Norges Bank purchased a new position in shares of Grand Canyon Education in the 4th quarter worth approximately $11,761,000. Van Berkom & Associates Inc. grew its position in shares of Grand Canyon Education by 11.9% in the 3rd quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company's stock worth $101,904,000 after buying an additional 92,445 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Grand Canyon Education by 167.6% in the 2nd quarter. Millennium Management LLC now owns 128,858 shares of the company's stock worth $12,137,000 after buying an additional 80,696 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Down 3.0 %

Shares of Grand Canyon Education stock traded down $3.93 on Friday, reaching $127.15. The stock had a trading volume of 218,955 shares, compared to its average volume of 197,824. The company has a 50 day moving average price of $132.83 and a 200 day moving average price of $130.67. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94. The stock has a market capitalization of $3.82 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.14 and a beta of 0.59.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.72 by $0.05. The company had revenue of $278.28 million during the quarter, compared to analysts' expectations of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. On average, analysts forecast that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the sale, the chief technology officer now directly owns 25,674 shares in the company, valued at approximately $3,405,656.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $160.00 price objective on shares of Grand Canyon Education in a research report on Thursday.

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.