Integrated Investment Consultants LLC Purchases New Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Integrated Investment Consultants LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, Holdings Channel reports. The fund acquired 1,358 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Reston Wealth Management LLC acquired a new stake in shares of Grand Canyon Education during the third quarter worth $28,000. True Wealth Design LLC purchased a new position in Grand Canyon Education during the 3rd quarter worth $31,000. Versant Capital Management Inc lifted its stake in shares of Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after acquiring an additional 167 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Grand Canyon Education in the 3rd quarter worth $60,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Grand Canyon Education in the third quarter valued at about $86,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $169.99 on Friday. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $176.77. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.75. The business’s 50 day simple moving average is $165.09 and its 200-day simple moving average is $150.48.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. Grand Canyon Education’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share. On average, equities analysts anticipate that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LOPE shares. Barrington Research raised their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets raised their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird lifted their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

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.