Trust Point Inc. Purchases Shares of 12,340 Grand Canyon Education, Inc. (NASDAQ:LOPE)

Trust Point Inc. purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPEFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,340 shares of the company’s stock, valued at approximately $1,629,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LOPE. Quarry LP purchased a new stake in Grand Canyon Education during the first quarter valued at about $33,000. Cornerstone Planning Group LLC purchased a new stake in Grand Canyon Education during the second quarter valued at about $33,000. CWM LLC lifted its stake in Grand Canyon Education by 98.4% during the third quarter. CWM LLC now owns 373 shares of the company’s stock valued at $44,000 after buying an additional 185 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Grand Canyon Education by 182.3% during the first quarter. NewEdge Advisors LLC now owns 463 shares of the company’s stock valued at $53,000 after buying an additional 299 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in Grand Canyon Education by 4,480.0% during the third quarter. Financial Management Professionals Inc. now owns 458 shares of the company’s stock valued at $54,000 after buying an additional 448 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Stock Down 0.4 %

Shares of LOPE traded down $0.60 during trading hours on Wednesday, reaching $134.88. The company’s stock had a trading volume of 27,636 shares, compared to its average volume of 203,639. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.20 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 company has a 50 day moving average of $132.43 and a two-hundred day moving average of $129.54.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last released 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. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The firm had revenue of $278.28 million for the quarter, compared to the consensus estimate of $275.00 million. As a group, analysts forecast that Grand Canyon Education, Inc. will post 7.65 EPS for the current fiscal year.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the sale, the chief technology officer now owns 25,674 shares in the company, valued at $3,405,656.10. The transaction 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 corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research upped their price objective on shares of Grand Canyon Education from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th.

Check Out Our Latest Analysis on LOPE

About Grand Canyon Education

(Free Report)

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.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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