Signaturefd LLC Acquires 241 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Signaturefd LLC increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 22.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,316 shares of the company’s stock after acquiring an additional 241 shares during the period. Signaturefd LLC’s holdings in Grand Canyon Education were worth $174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOPE. CWM LLC lifted its stake in shares of Grand Canyon Education by 98.4% during the 3rd quarter. CWM LLC now owns 373 shares of the company’s stock worth $44,000 after acquiring an additional 185 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Grand Canyon Education by 3.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,615 shares of the company’s stock worth $656,000 after acquiring an additional 166 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Grand Canyon Education by 0.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 267,910 shares of the company’s stock worth $31,313,000 after acquiring an additional 1,183 shares during the last quarter. Xponance Inc. lifted its stake in shares of Grand Canyon Education by 12.5% during the 3rd quarter. Xponance Inc. now owns 5,197 shares of the company’s stock worth $607,000 after acquiring an additional 577 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Grand Canyon Education by 11.7% during the 3rd quarter. Raymond James & Associates now owns 66,243 shares of the company’s stock worth $7,742,000 after acquiring an additional 6,930 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the transaction, the chief technology officer now directly owns 25,674 shares in the company, valued at approximately $3,405,656.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and set a $160.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 18th.

Grand Canyon Education Stock Up 1.6 %

LOPE opened at $131.98 on Monday. The stock’s fifty day moving average is $132.51 and its two-hundred day moving average is $131.40. The company has a market capitalization of $3.96 billion, a P/E ratio of 19.41, a PEG ratio of 1.15 and a beta of 0.59. Grand Canyon Education, Inc. has a 52 week low of $99.65 and a 52 week high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.72 by $0.05. The company had revenue of $278.28 million for the quarter, compared to the consensus estimate of $275.00 million. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. Equities analysts anticipate that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current year.

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.