1,799 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Bought by Congress Asset Management Co.

Congress Asset Management Co. purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,799 shares of the company’s stock, valued at approximately $295,000.

Several other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Grand Canyon Education by 32.3% during the fourth quarter. Van ECK Associates Corp now owns 29,776 shares of the company’s stock valued at $4,877,000 after acquiring an additional 7,263 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in shares of Grand Canyon Education during the fourth quarter valued at approximately $280,000. Entropy Technologies LP increased its position in Grand Canyon Education by 13.2% during the 4th quarter. Entropy Technologies LP now owns 3,421 shares of the company’s stock valued at $560,000 after purchasing an additional 400 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Grand Canyon Education by 93.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,170 shares of the company’s stock valued at $192,000 after buying an additional 565 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Grand Canyon Education in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the firm’s 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 completion of the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LOPE. Barrington Research reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Grand Canyon Education in a research report on Monday, January 27th. BMO Capital Markets upped their price target on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Robert W. Baird boosted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Grand Canyon Education Stock Up 1.0 %

Shares of LOPE opened at $185.52 on Wednesday. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $185.66. The stock has a market cap of $5.41 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.37 and a beta of 0.74. The business’s 50 day moving average price is $169.77 and its 200-day moving average price is $154.74.

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.