Crossmark Global Holdings Inc. Boosts Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Crossmark Global Holdings Inc. grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 13.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 33,931 shares of the company’s stock after buying an additional 3,906 shares during the period. Crossmark Global Holdings Inc.’s holdings in Grand Canyon Education were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LOPE. BNP Paribas Financial Markets increased its holdings in shares of Grand Canyon Education by 16.7% during the 1st quarter. BNP Paribas Financial Markets now owns 20,341 shares of the company’s stock valued at $2,771,000 after purchasing an additional 2,906 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Grand Canyon Education by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 25,868 shares of the company’s stock valued at $3,523,000 after purchasing an additional 335 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Grand Canyon Education by 29.9% during the 1st quarter. SG Americas Securities LLC now owns 3,192 shares of the company’s stock valued at $435,000 after purchasing an additional 734 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Grand Canyon Education by 14.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,133 shares of the company’s stock valued at $6,284,000 after purchasing an additional 5,991 shares in the last quarter. Finally, Crown Advisors Management Inc. increased its holdings in shares of Grand Canyon Education by 25.0% during the 1st quarter. Crown Advisors Management Inc. now owns 25,000 shares of the company’s stock valued at $3,405,000 after purchasing an additional 5,000 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $170.56 on Tuesday. The company’s fifty day moving average price is $139.96 and its 200 day moving average price is $141.84. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $173.37. The stock has a market capitalization of $4.97 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.43 and a beta of 0.70.

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

Wall Street Analysts Forecast Growth

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

Grand Canyon Education 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.