Grand Canyon Education Inc. (LOPE)

Charles Schwab Investment Management Inc. Purchases 11,567 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Charles Schwab Investment Management Inc. grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 321,924 shares of the company’s stock after buying an additional 11,567 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.07% of Grand Canyon Education worth $42,507,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Grand Canyon Education in the fourth quarter worth approximately $54,000. Blue Trust Inc. boosted its holdings in Grand Canyon Education by 120.2% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after purchasing an additional 232 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Grand Canyon Education by 208.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock worth $57,000 after purchasing an additional 290 shares during the period. Daiwa Securities Group Inc. raised its stake in Grand Canyon Education by 41.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after buying an additional 145 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Grand Canyon Education during the 4th quarter valued at $101,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors. Grand Canyon Education Stock Performance NASDAQ:LOPE opened at $144.87 on Monday. The stock has a 50-day simple moving average of $134.93 and a two-hundred day simple moving average of $133.94. The firm has a market capitalization of $4.31 billion, a PE ratio of 20.26, a P/E/G ratio of 1.24 and a beta of 0.60. Grand Canyon Education, Inc. has a 52-week low of $99.65 and a 52-week high of $156.56. Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The company had revenue of $274.68 million during the quarter, compared to the consensus estimate of $272.42 million. During the same period in the previous year, the company posted $2.00 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Equities analysts forecast that Grand Canyon Education, Inc. will post 7.8 earnings per share for the current fiscal year. Insider Activity In related news, Director Lisa Graham Keegan sold 270 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the transaction, the director now owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Lisa Graham Keegan sold 270 shares of the business’s 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 transaction, the director now directly owns 2,635 shares in the company, valued at $389,874.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the transaction, the chief technology officer now directly owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The disclosure for this sale can be found here. Insiders have sold 3,270 shares of company stock worth $462,724 in the last three months. Company insiders own 2.00% of the company’s stock. Wall Street Analysts Forecast Growth Several analysts recently commented on the company. Barrington Research lifted their price objective on Grand Canyon Education from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. BMO Capital Markets upped their price target on shares of Grand Canyon Education from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird raised their price objective on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Read Our Latest Stock Analysis on Grand Canyon Education Grand Canyon Education Profile (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. Read More Five stocks we like better than Grand Canyon Education How to Invest in Tech Stocks and Top Tech Stocks to Consider MarketBeat Week in Review – 5/13 – 5/17 How Investors Can Find the Best Cheap Dividend Stocks Take-Two Interactive Software Offers 2nd Chance for Investors Golden Cross Stocks: Pattern, Examples and Charts Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report).