8,397 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,397 shares of the company’s stock, valued at approximately $1,109,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at $54,000. Blue Trust Inc. boosted its holdings in shares of Grand Canyon Education by 120.2% in the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $56,000 after purchasing an additional 232 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Grand Canyon Education by 208.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock valued at $57,000 after purchasing an additional 290 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Grand Canyon Education by 41.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after purchasing an additional 145 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at $101,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. BMO Capital Markets raised their target price on shares of Grand Canyon Education from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. Finally, Barrington Research raised their target price on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th.

Insider Buying and Selling

In related news, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education 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 sale, the director now owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa Graham Keegan sold 270 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was 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 directly owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The disclosure for this sale can be found here. Insiders have sold 3,270 shares of company stock valued at $462,724 in the last quarter. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Down 1.2 %

Shares of LOPE stock traded down $1.68 during mid-day trading on Tuesday, reaching $137.99. The company’s stock had a trading volume of 64,244 shares, compared to its average volume of 196,437. The company’s 50 day simple moving average is $138.17 and its 200-day simple moving average is $134.85. Grand Canyon Education, Inc. has a 12-month low of $99.65 and a 12-month high of $156.56. The firm has a market capitalization of $4.10 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.22 and a beta of 0.64.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.13. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The firm had revenue of $274.68 million for the quarter, compared to the consensus estimate of $272.42 million. During the same quarter in the previous year, the firm posted $2.00 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 7.8 EPS 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.