National Bank of Canada FI Takes $1.98 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

National Bank of Canada FI acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the company's stock, valued at approximately $1,979,000.

Other large investors also recently modified their holdings of the company. Burgundy Asset Management Ltd. boosted its holdings in Grand Canyon Education by 2.8% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 984,511 shares of the company's stock valued at $115,070,000 after purchasing an additional 26,647 shares during the period. Van Berkom & Associates Inc. boosted its stake in 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 buying an additional 92,445 shares during the period. William Blair Investment Management LLC grew its position 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 worth $50,241,000 after buying an additional 59,089 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Grand Canyon Education by 75.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 410,815 shares of the company's stock worth $54,244,000 after acquiring an additional 176,797 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Grand Canyon Education by 1.3% in the 3rd quarter. AQR Capital Management LLC now owns 384,020 shares of the company's stock worth $44,884,000 after acquiring an additional 4,909 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of the business's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the sale, the director now directly owns 2,635 shares of the company's stock, valued at $389,874.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of the business's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the sale, the director now directly owns 2,635 shares of the company's stock, valued at $389,874.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Dilek Marsh sold 1,500 shares of the business's 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 directly owns 25,674 shares of the company's stock, valued at $3,405,656.10. The disclosure for this sale can be found here. Insiders sold 3,270 shares of company stock valued at $462,724 over the last three months. Insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Grand Canyon Education from $150.00 to $155.00 and gave the stock an "outperform" rating in a report on Wednesday, May 8th. Robert W. Baird boosted their price target on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 8th. Finally, Barrington Research raised their price objective on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, May 8th.

Grand Canyon Education Stock Down 1.7 %

Shares of NASDAQ LOPE traded down $2.44 during mid-day trading on Tuesday, reaching $144.50. 382,172 shares of the company were exchanged, compared to its average volume of 205,592. Grand Canyon Education, Inc. has a 52 week low of $99.65 and a 52 week high of $156.56. The stock has a market capitalization of $4.30 billion, a PE ratio of 20.22, a PEG ratio of 1.27 and a beta of 0.60. The company's 50 day moving average price is $134.06 and its 200 day moving average price is $133.20.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (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 company had revenue of $274.68 million during the quarter, compared to the consensus estimate of $272.42 million. During the same period in the previous year, the firm posted $2.00 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 7.8 earnings per share 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.