Alaska Permanent Fund Corp Acquires 6,598 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Alaska Permanent Fund Corp raised its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,044 shares of the company’s stock after purchasing an additional 6,598 shares during the quarter. Alaska Permanent Fund Corp owned 0.29% of Grand Canyon Education worth $11,361,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Grand Canyon Education by 98.4% during the third quarter. CWM LLC now owns 373 shares of the company’s stock worth $44,000 after purchasing an additional 185 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at approximately $54,000. Blue Trust Inc. increased its position in shares of Grand Canyon Education by 120.2% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after purchasing an additional 232 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Grand Canyon Education by 208.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock valued at $57,000 after buying an additional 290 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Grand Canyon Education by 41.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Transactions 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 that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Grand Canyon Education in a research report on Thursday, April 18th.

Grand Canyon Education Stock Up 0.3 %

Shares of NASDAQ:LOPE traded up $0.40 during midday trading on Thursday, reaching $129.28. The company’s stock had a trading volume of 5,600 shares, compared to its average volume of 194,838. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.12 and a beta of 0.59. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94. The business has a 50 day moving average price of $132.54 and a 200 day moving average price of $131.08.

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