Entropy Technologies LP Has $560,000 Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Entropy Technologies LP increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,421 shares of the company’s stock after acquiring an additional 400 shares during the period. Entropy Technologies LP’s holdings in Grand Canyon Education were worth $560,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education during the 4th quarter worth about $27,000. Reston Wealth Management LLC acquired a new stake in shares of Grand Canyon Education in the third quarter valued at about $28,000. True Wealth Design LLC bought a new stake in Grand Canyon Education during the third quarter worth about $31,000. Financial Life Planners acquired a new position in Grand Canyon Education during the fourth quarter valued at approximately $37,000. Finally, Capital Performance Advisors LLP bought a new position in Grand Canyon Education in the third quarter valued at approximately $60,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

LOPE stock opened at $182.00 on Wednesday. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $183.79. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74. The company has a fifty day moving average price of $168.27 and a two-hundred day moving average price of $153.73.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

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.