Wealth Alliance Trims Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wealth Alliance decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,378 shares of the company’s stock after selling 62 shares during the quarter. Wealth Alliance’s holdings in Grand Canyon Education were worth $390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth $27,000. Reston Wealth Management LLC purchased a new stake in shares of Grand Canyon Education during the third quarter worth $28,000. True Wealth Design LLC purchased a new stake in shares of Grand Canyon Education during the third quarter worth $31,000. Financial Life Planners purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth $37,000. Finally, Versant Capital Management Inc increased its position in shares of Grand Canyon Education by 66.0% during the fourth 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. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity

In related 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 transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $181.70 on Friday. The company has a 50-day simple moving average of $170.74 and a 200-day simple moving average of $155.40. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.39 and a beta of 0.74.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.91%. The business had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. As a group, research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LOPE. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird upped their price objective on shares of 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, Barrington Research upped their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday.

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.