Capital Research Global Investors acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,516 shares of the company's stock, valued at approximately $4,180,000. Capital Research Global Investors owned about 0.09% of Grand Canyon Education at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of LOPE. Barclays PLC raised its position in Grand Canyon Education by 0.4% in the 3rd quarter. Barclays PLC now owns 18,977 shares of the company's stock valued at $2,692,000 after purchasing an additional 84 shares during the last quarter. Sanctuary Advisors LLC raised its position in Grand Canyon Education by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock valued at $352,000 after purchasing an additional 209 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Grand Canyon Education in the 3rd quarter valued at $86,000. Synovus Financial Corp raised its position in Grand Canyon Education by 8.3% in the 3rd quarter. Synovus Financial Corp now owns 2,393 shares of the company's stock valued at $339,000 after purchasing an additional 184 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Grand Canyon Education by 10.7% in the 3rd quarter. Franklin Resources Inc. now owns 37,523 shares of the company's stock valued at $5,014,000 after purchasing an additional 3,630 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.
Grand Canyon Education Price Performance
Shares of LOPE stock traded up $0.69 during midday trading on Friday, reaching $175.64. 216,655 shares of the company traded hands, compared to its average volume of 179,300. The firm's 50 day simple moving average is $173.79 and its two-hundred day simple moving average is $166.18. Grand Canyon Education, Inc. has a 1-year low of $129.86 and a 1-year high of $192.18. The firm has a market cap of $5.05 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
LOPE has been the topic of several recent research reports. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Finally, Barrington Research reissued an "outperform" rating and issued a $205.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, April 15th.
View Our Latest Research Report on LOPE
Grand Canyon Education Company Profile
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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.
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