DGS Capital Management LLC Buys 67 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

DGS Capital Management LLC raised its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,399 shares of the company’s stock after purchasing an additional 67 shares during the quarter. DGS Capital Management LLC’s holdings in Grand Canyon Education were worth $624,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in Grand Canyon Education by 0.4% during the 3rd quarter. Barclays PLC now owns 18,977 shares of the company’s stock worth $2,692,000 after acquiring an additional 84 shares during the period. Wealth Alliance grew its holdings in shares of Grand Canyon Education by 3.8% during the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock worth $340,000 after purchasing an additional 89 shares in the last quarter. MML Investors Services LLC increased its position in shares of Grand Canyon Education by 1.6% in the third quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after purchasing an additional 91 shares during the period. NBC Securities Inc. increased its position in shares of Grand Canyon Education by 12.6% in the third quarter. NBC Securities Inc. now owns 856 shares of the company’s stock worth $121,000 after purchasing an additional 96 shares during the period. Finally, Capital Insight Partners LLC raised its stake in Grand Canyon Education by 2.5% in the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Down 0.5 %

NASDAQ:LOPE traded down $0.90 during trading hours on Friday, hitting $168.36. 5,869 shares of the company traded hands, compared to its average volume of 181,602. The company has a market cap of $4.91 billion, a PE ratio of 22.24, a PEG ratio of 1.41 and a beta of 0.76. The firm’s 50-day simple moving average is $151.10 and its 200-day simple moving average is $145.86. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $173.37.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $239.69 million. During the same period last year, the firm earned $1.26 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts expect that Grand Canyon Education, Inc. will post 8.03 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. This trade represents a 6.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LOPE. Robert W. Baird increased their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barrington Research upped their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, BMO Capital Markets upped their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

About Grand Canyon Education

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.