Allspring Global Investments Holdings LLC increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 24.8% during the fourth quarter, according to the company's latest disclosure filed with the Securities and Exchange Commission. % decreased. The company owned 188,708 shares of stock after selling an additional 62,110 shares during the quarter. Allspring Global Investment Holdings LLC owned approximately 0.63% of the stock in Grand Canyon Education, valued at $24,917,000, at the end of the most recent quarter.
Several other large investors have also recently modified their positions in LOPE. Price T Rowe Associates Inc. MD increased his stake in shares of Grand Canyon Education by 1,607.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 277,368 shares of the company's stock valued at $29,307,000 after purchasing an additional 261,125 shares during the period. Athenagon Asset Management SA grew its stake in Grand Canyon Education by 824.4% in the 4th quarter. Assenagon Asset Management SA now owns 173,643 shares of the company's stock valued at $22,928,000 after purchasing an additional 154,858 shares during the period. Norges Bank acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at approximately $11,761,000. Van Berkom & Associates Inc. grew its stake in Grand Canyon Education by his 11.9% in the 3rd quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company's stock worth $119,040,000 after purchasing an additional 92,445 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Grand Canyon Education by 167.6% in the 2nd quarter. Millennium Management LLC now owns 128,858 shares of the company's stock valued at $12,137,000 after purchasing an additional 80,696 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.
Wall Street Analysts Share Their Opinions
Separately, Barrington Research increased their target price 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.
Get the latest stock analysis with LOPE
Insider Activities in Grand Canyon Education
In related news, CTO Dilek Marsh sold 1,500 shares of the company's 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 transaction, the chief technology officer now owns 25,674 shares of the company's stock, valued at $3,405,656.10. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company's stock.
Grand Canyon Education Price Performance
Nasdaq LOPE opened at $130.70 on Friday. Grand Canyon Education, Inc. has a 12-month low of $99.65 and a 12-month high of $144.94. The company has a market capitalization of $3.92 billion, a P/E ratio of 19.22x, a P/E ratio of 1.15x, and a beta of 0.59x. The company's 50 day simple moving average is $132.85 and its 200 day simple moving average is $130.39.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.05. Grand Canyon Education had a net profit margin of 21.33% and a return on equity of 31.75%. The business had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.0 million. Sell-side analysts expect Grand Canyon Education to report earnings per share of $7.65 for the current fiscal year.
About Grand Canyon Education
(Free report)
Grand Canyon Education, Inc provides educational services to universities in the United States. We provide technology services such as learning management systems, internal administration, infrastructure, and support services. Academic services such as programs and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites. Counseling and support services, including admissions, financial aid, field experience and other counseling services.
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