Numeric Investors LLC Purchases Shares of 4,300 Grand Canyon Education Inc (LOPE)

Numeric Investors LLC purchased a new position in Grand Canyon Education Inc (NASDAQ:LOPE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,300 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LOPE. Bronfman E.L. Rothschild L.P. raised its stake in shares of Grand Canyon Education by 3.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,070 shares of the company’s stock valued at $164,000 after buying an additional 131 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of Grand Canyon Education during the third quarter valued at $202,000. BB&T Corp purchased a new stake in shares of Grand Canyon Education during the third quarter valued at $207,000. Advisor Group Inc. raised its stake in shares of Grand Canyon Education by 5.2% in the third quarter. Advisor Group Inc. now owns 5,542 shares of the company’s stock valued at $224,000 after buying an additional 276 shares during the period. Finally, Hatteras Funds LP purchased a new stake in shares of Grand Canyon Education during the fourth quarter valued at $352,000. Institutional investors own 96.48% of the company’s stock.

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

Shares of Grand Canyon Education Inc (NASDAQ:LOPE) traded up 1.33% during midday trading on Thursday, hitting $73.87. The stock had a trading volume of 376,148 shares. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 23.45 and a beta of 1.38. The stock has a 50 day moving average price of $69.11 and a 200-day moving average price of $57.92. Grand Canyon Education Inc has a 52 week low of $37.94 and a 52 week high of $74.26.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, February 16th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. Grand Canyon Education had a net margin of 16.42% and a return on equity of 21.10%. The company had revenue of $244.70 million for the quarter, compared to analyst estimates of $242.01 million. During the same quarter in the prior year, the business posted $0.81 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts anticipate that Grand Canyon Education Inc will post $3.47 earnings per share for the current year.

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Several analysts have recently weighed in on the company. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $73.00 target price (up from $69.00) on shares of Grand Canyon Education in a research report on Monday, March 20th. BMO Capital Markets reaffirmed a “buy” rating on shares of Grand Canyon Education in a research report on Wednesday, January 18th. Finally, Barrington Research boosted their target price on Grand Canyon Education from $66.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, February 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $66.75.

In other Grand Canyon Education news, COO William Stan Meyer sold 20,000 shares of the stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $70.68, for a total value of $1,413,600.00. Following the completion of the sale, the chief operating officer now owns 118,959 shares in the company, valued at approximately $8,408,022.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian E. Mueller sold 30,000 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $66.00, for a total transaction of $1,980,000.00. Following the completion of the sale, the chief executive officer now owns 301,346 shares of the company’s stock, valued at approximately $19,888,836. The disclosure for this sale can be found here. Insiders sold a total of 137,754 shares of company stock worth $9,362,305 in the last 90 days. 5.30% of the stock is currently owned by company insiders.

About Grand Canyon Education

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

5 Day Chart for NASDAQ:LOPE

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