Postrock Partners LLC Purchases New Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Postrock Partners LLC bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,471 shares of the company’s stock, valued at approximately $1,715,000. Grand Canyon Education accounts for about 0.8% of Postrock Partners LLC’s holdings, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Grand Canyon Education in the 4th quarter worth $27,000. True Wealth Design LLC acquired a new stake in Grand Canyon Education during the third quarter worth approximately $31,000. Financial Life Planners acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth approximately $37,000. Versant Capital Management Inc boosted 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 valued at $69,000 after purchasing an additional 167 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Grand Canyon Education by 22.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock valued at $88,000 after buying an additional 99 shares during the period. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on LOPE shares. Barrington Research boosted their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 21st.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

Grand Canyon Education Stock Down 2.2 %

NASDAQ:LOPE opened at $164.86 on Friday. The stock has a market cap of $4.74 billion, a PE ratio of 21.30, a P/E/G ratio of 1.42 and a beta of 0.78. The business’s 50-day simple moving average is $174.25 and its two-hundred day simple moving average is $158.82. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.