20,899 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,899 shares of the company's stock, valued at approximately $2,760,000. BI Asset Management Fondsmaeglerselskab A S owned 0.07% of Grand Canyon Education as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Treasurer of the State of North Carolina raised its position in shares of Grand Canyon Education by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company's stock worth $2,226,000 after buying an additional 85 shares during the period. Wealth Alliance boosted its stake in Grand Canyon Education by 3.9% in the fourth quarter. Wealth Alliance now owns 2,277 shares of the company's stock valued at $301,000 after acquiring an additional 85 shares during the period. Riverwater Partners LLC increased its holdings in shares of Grand Canyon Education by 0.7% in the 4th quarter. Riverwater Partners LLC now owns 12,597 shares of the company's stock worth $1,663,000 after acquiring an additional 89 shares during the period. Signaturefd LLC raised its holdings in shares of Grand Canyon Education by 15.2% during the third quarter. Signaturefd LLC now owns 1,075 shares of the company's stock valued at $126,000 after buying an additional 142 shares during the last quarter. Finally, Covestor Ltd boosted its position in Grand Canyon Education by 14.0% during the 3rd quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $138,000 after acquiring an additional 145 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Trading Down 1.0 %

LOPE stock traded down $1.51 during trading on Tuesday, hitting $146.18. 151,144 shares of the stock traded hands, compared to its average volume of 202,994. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.24 and a beta of 0.60. Grand Canyon Education, Inc. has a one year low of $99.65 and a one year high of $156.56. The company has a 50 day simple moving average of $135.22 and a 200 day simple moving average of $134.12.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $0.13. The company had revenue of $274.68 million during the quarter, compared to analyst estimates of $272.42 million. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $2.00 earnings per share. As a group, analysts predict that Grand Canyon Education, Inc. will post 7.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barrington Research boosted their target price on shares of Grand Canyon Education from $160.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, May 8th. Robert W. Baird increased their price target on Grand Canyon Education from $165.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, May 8th. Finally, 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 research report on Wednesday, May 8th.

Insider Activity

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

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.