Alaska Permanent Fund Corp Grows Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Alaska Permanent Fund Corp boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,044 shares of the company's stock after purchasing an additional 6,598 shares during the quarter. Alaska Permanent Fund Corp owned about 0.29% of Grand Canyon Education worth $11,361,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. CWM LLC raised its stake in shares of Grand Canyon Education by 98.4% during the 3rd quarter. CWM LLC now owns 373 shares of the company's stock worth $44,000 after acquiring an additional 185 shares in the last quarter. Impact Partnership Wealth LLC purchased a new position in Grand Canyon Education during the third quarter worth about $137,000. Park Place Capital Corp increased its holdings in Grand Canyon Education by 11.0% during the 3rd quarter. Park Place Capital Corp now owns 947 shares of the company's stock valued at $111,000 after acquiring an additional 94 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in Grand Canyon Education in the 3rd quarter valued at $208,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Grand Canyon Education by 3.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,615 shares of the company's stock valued at $656,000 after purchasing an additional 166 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

NASDAQ LOPE traded up $1.03 during trading hours on Thursday, hitting $129.91. The company had a trading volume of 260,906 shares, compared to its average volume of 198,049. The firm has a 50 day simple moving average of $132.47 and a 200 day simple moving average of $131.07. Grand Canyon Education, Inc. has a 52 week low of $99.65 and a 52 week high of $144.94. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.12 and a beta of 0.59.

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

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated 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 directly owns 25,674 shares of the company's stock, valued at approximately $3,405,656.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $160.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 18th.

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.