Integrated Investment Consultants LLC Invests $222,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Integrated Investment Consultants LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,358 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avanza Fonder AB acquired a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $210,000. Empirical Asset Management LLC acquired a new stake in Grand Canyon Education in the 4th quarter worth about $231,000. Park Avenue Securities LLC increased its stake in Grand Canyon Education by 14.4% during the 4th quarter. Park Avenue Securities LLC now owns 5,302 shares of the company’s stock worth $868,000 after buying an additional 666 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Grand Canyon Education during the fourth quarter valued at approximately $211,000. Finally, Reinhart Partners LLC. lifted its position in shares of Grand Canyon Education by 1.6% in the fourth quarter. Reinhart Partners LLC. now owns 330,946 shares of the company’s stock valued at $54,209,000 after acquiring an additional 5,339 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.6 %

Grand Canyon Education stock opened at $169.99 on Friday. The company has a 50-day moving average price of $165.09 and a 200 day moving average price of $150.48. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $176.77. The stock has a market cap of $4.96 billion, a P/E ratio of 22.34, a PEG ratio of 1.22 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. As a group, analysts forecast that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

LOPE has been the subject of several research reports. Robert W. Baird boosted their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barrington Research boosted their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Grand Canyon Education Company Profile

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.