Counterpoint Mutual Funds LLC Buys Shares of 2,568 Grand Canyon Education, Inc. (NASDAQ:LOPE)

Counterpoint Mutual Funds LLC bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,568 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors also recently modified their holdings of LOPE. Victory Capital Management Inc. lifted its stake in shares of Grand Canyon Education by 2.2% in the 3rd quarter. Victory Capital Management Inc. now owns 10,075 shares of the company’s stock valued at $1,429,000 after purchasing an additional 219 shares during the last quarter. KBC Group NV lifted its stake in shares of Grand Canyon Education by 22.0% in the 3rd quarter. KBC Group NV now owns 944 shares of the company’s stock valued at $134,000 after purchasing an additional 170 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Grand Canyon Education by 4.4% in the 3rd quarter. Empowered Funds LLC now owns 10,041 shares of the company’s stock valued at $1,424,000 after purchasing an additional 421 shares during the last quarter. Natixis Advisors LLC acquired a new position in Grand Canyon Education during the 3rd quarter worth $1,440,000. Finally, Thrivent Financial for Lutherans lifted its position in Grand Canyon Education by 4.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after acquiring an additional 19,577 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 0.4 %

NASDAQ LOPE opened at $169.64 on Tuesday. The stock has a market cap of $4.87 billion, a P/E ratio of 21.92, a PEG ratio of 1.42 and a beta of 0.78. The company’s 50-day simple moving average is $174.53 and its 200 day simple moving average is $159.42. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million for the quarter, compared to analysts’ expectations of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analyst Weigh In

LOPE has been the topic of several research reports. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Barrington Research boosted their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s 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 sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

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.