1,250 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Acquired by Kera Capital Partners Inc.

Kera Capital Partners Inc. purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, Holdings Channel reports. The fund purchased 1,250 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOPE. Integrated Investment Consultants LLC acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth about $222,000. Avanza Fonder AB purchased a new position in Grand Canyon Education in the fourth quarter valued at approximately $210,000. Empirical Asset Management LLC acquired a new stake in Grand Canyon Education during the fourth quarter worth approximately $231,000. Park Avenue Securities LLC lifted its position in shares of Grand Canyon Education by 14.4% during the 4th quarter. Park Avenue Securities LLC now owns 5,302 shares of the company’s stock worth $868,000 after buying an additional 666 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at $211,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Down 0.6 %

Shares of NASDAQ LOPE opened at $169.99 on Monday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.75. Grand Canyon Education, Inc. has a 52 week low of $118.48 and a 52 week high of $176.77. The firm has a 50-day moving average price of $165.09 and a 200 day moving average price of $150.54.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. Grand Canyon Education’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Equities research analysts expect that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Analysts Set New Price Targets

LOPE has been the topic of a number of research analyst reports. Barrington Research lifted their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets raised their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird upped their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Insider Activity at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is 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.