Summit Trail Advisors LLC Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Summit Trail Advisors LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,711 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOPE. FMR LLC lifted its holdings in shares of Grand Canyon Education by 12.0% in the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock valued at $187,725,000 after purchasing an additional 141,648 shares in the last quarter. Wasatch Advisors LP lifted its stake in Grand Canyon Education by 15.4% in the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after acquiring an additional 68,579 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Grand Canyon Education by 19.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company’s stock worth $37,361,000 after acquiring an additional 43,005 shares during the period. Weiss Asset Management LP acquired a new stake in Grand Canyon Education during the 3rd quarter worth about $4,942,000. Finally, Erste Asset Management GmbH purchased a new position in Grand Canyon Education during the 3rd quarter valued at about $4,833,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $182.11 on Thursday. The company has a market capitalization of $5.31 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.37 and a beta of 0.74. The stock’s 50 day moving average price is $168.58 and its 200 day moving average price is $153.93. Grand Canyon Education, Inc. has a 52 week low of $118.48 and a 52 week high of $183.79.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barrington Research reiterated an “outperform” rating and issued a $180.00 target price on shares of Grand Canyon Education in a research report on Monday, January 27th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Robert W. Baird increased their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

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.