8,300 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,300 shares of the company's stock, valued at approximately $1,096,000.

A number of other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in Grand Canyon Education by 824.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 173,643 shares of the company's stock valued at $22,928,000 after purchasing an additional 154,858 shares during the period. Van Berkom & Associates Inc. raised its stake in Grand Canyon Education by 11.9% during the 3rd quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company's stock worth $101,904,000 after acquiring an additional 92,445 shares during the period. William Blair Investment Management LLC lifted its holdings in Grand Canyon Education by 15.9% during the third quarter. William Blair Investment Management LLC now owns 429,848 shares of the company's stock valued at $50,241,000 after purchasing an additional 59,089 shares in the last quarter. Heartland Advisors Inc. boosted its position in shares of Grand Canyon Education by 280.9% in the third quarter. Heartland Advisors Inc. now owns 79,997 shares of the company's stock worth $9,350,000 after purchasing an additional 58,994 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Grand Canyon Education by 26.1% in the third quarter. Envestnet Asset Management Inc. now owns 254,484 shares of the company's stock worth $29,744,000 after purchasing an additional 52,650 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an "outperform" rating and issued a $160.00 price target on shares of Grand Canyon Education in a report on Thursday, April 18th.

Grand Canyon Education Stock Up 0.1 %

NASDAQ LOPE traded up $0.18 on Wednesday, reaching $128.88. The company had a trading volume of 203,620 shares, compared to its average volume of 197,253. The stock has a market capitalization of $3.87 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.12 and a beta of 0.59. Grand Canyon Education, Inc. has a 12 month low of $99.65 and a 12 month high of $144.94. The firm's 50 day moving average price is $132.61 and its 200 day moving average price is $131.09.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $275.00 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. On average, research analysts expect that Grand Canyon Education, Inc. will post 7.65 EPS for the current year.

Grand Canyon Education 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.