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

International Assets Investment Management LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in LOPE. Burgundy Asset Management Ltd. grew its position in Grand Canyon Education by 2.8% during the third quarter. Burgundy Asset Management Ltd. now owns 984,511 shares of the company's stock worth $115,070,000 after buying an additional 26,647 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Grand Canyon Education by 11.9% during the third quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company's stock valued at $101,904,000 after purchasing an additional 92,445 shares during the period. William Blair Investment Management LLC increased its position in shares of 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 during the period. AQR Capital Management LLC raised its stake in shares of Grand Canyon Education by 1.3% in the third quarter. AQR Capital Management LLC now owns 384,020 shares of the company's stock valued at $44,884,000 after purchasing an additional 4,909 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Grand Canyon Education by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 310,357 shares of the company's stock worth $36,275,000 after purchasing an additional 5,872 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LOPE shares. Robert W. Baird increased their price objective on shares of Grand Canyon Education from $165.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday. Barrington Research raised their price target on shares of Grand Canyon Education from $160.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, BMO Capital Markets upped their price objective on Grand Canyon Education from $150.00 to $155.00 and gave the company an "outperform" rating in a research note on Wednesday.

Grand Canyon Education Trading Down 0.3 %

Shares of Grand Canyon Education stock traded down $0.47 during mid-day trading on Friday, reaching $148.79. 262,913 shares of the stock were exchanged, compared to its average volume of 206,426. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $156.56. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. The firm has a 50-day simple moving average of $133.85 and a 200 day simple moving average of $132.73.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The firm had revenue of $274.68 million for the quarter, compared to analyst estimates of $272.42 million. During the same quarter in the prior year, the firm earned $2.00 EPS. The company's revenue was up 9.8% on a year-over-year basis. On average, research analysts predict that Grand Canyon Education, Inc. will post 7.8 EPS for the current fiscal year.

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.