Grand Canyon Education, Inc. $LOPE Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 80.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,478 shares of the company’s stock after acquiring an additional 9,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Grand Canyon Education were worth $3,104,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC grew its position in Grand Canyon Education by 128.3% during the 3rd quarter. Signaturefd LLC now owns 2,708 shares of the company’s stock valued at $411,000 after purchasing an additional 1,522 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in Grand Canyon Education in the third quarter worth about $206,000. Evergreen Capital Management LLC purchased a new position in Grand Canyon Education in the third quarter worth about $312,000. Skylands Capital LLC lifted its stake in shares of Grand Canyon Education by 15.9% in the third quarter. Skylands Capital LLC now owns 66,715 shares of the company’s stock worth $10,113,000 after buying an additional 9,150 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Grand Canyon Education by 2.9% in the third quarter. Crossmark Global Holdings Inc. now owns 42,218 shares of the company’s stock worth $6,400,000 after buying an additional 1,177 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $149.65 on Tuesday. Grand Canyon Education, Inc. has a one year low of $134.27 and a one year high of $188.83. The business has a fifty day moving average price of $153.87 and a 200-day moving average price of $157.47. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.00 and a beta of 0.58.

Analysts Set New Price Targets

Several analysts have commented on LOPE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Grand Canyon Education in a research note on Tuesday, September 22nd. BMO Capital Markets reduced their target price on Grand Canyon Education from $185.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, October 5th. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Barrington Research set a $200.00 price target on Grand Canyon Education in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Grand Canyon Education currently has an average rating of “Moderate Buy” and a consensus price target of $160.67.

About Grand Canyon Education

Grand Canyon Education, Inc (NASDAQ: LOPE) is an education services company that provides technology, operational and support services to colleges and universities. Rather than operating primarily as a traditional university, the company partners with higher education institutions to help them deliver online, hybrid and campus-based academic programs.

Its services include learning technology, digital course development, data analytics, marketing, student enrollment and support, financial aid assistance, faculty support, and other administrative functions.