Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC increased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,105 shares of the company’s stock after buying an additional 261 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Grand Canyon Education were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in Grand Canyon Education in the fourth quarter valued at $54,000. Blue Trust Inc. grew its position in Grand Canyon Education by 120.2% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $56,000 after acquiring an additional 232 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 290 shares during the period. Daiwa Securities Group Inc. lifted 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 worth $66,000 after buying an additional 145 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at about $101,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the sale, the director now owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Kathy J. Claypatch sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $149.20, for a total transaction of $223,800.00. Following the sale, the insider now owns 8,320 shares in the company, valued at approximately $1,241,344. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lisa Graham Keegan sold 270 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $147.96, for a total transaction of $39,949.20. Following the completion of the transaction, the director now directly owns 2,635 shares of the company’s stock, valued at $389,874.60. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOPE. Robert W. Baird raised their target price on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets upped their target price on Grand Canyon Education from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Finally, Barrington Research raised their target price on Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE traded down $1.58 during mid-day trading on Thursday, hitting $134.02. The company’s stock had a trading volume of 74,988 shares, compared to its average volume of 196,726. The company’s fifty day simple moving average is $139.20 and its 200-day simple moving average is $134.74. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.64. Grand Canyon Education, Inc. has a one year low of $100.23 and a one year high of $156.56.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.13. The company had revenue of $274.68 million during the quarter, compared to analyst estimates of $272.42 million. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.00 EPS. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 7.8 EPS 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.