Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 247.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,410 shares of the company's stock after purchasing an additional 60,811 shares during the period. Balyasny Asset Management L.P. owned 0.29% of Grand Canyon Education worth $13,990,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GeoWealth Management LLC purchased a new stake in Grand Canyon Education in the 4th quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grand Canyon Education during the fourth quarter valued at $32,000. Financial Life Planners purchased a new stake in Grand Canyon Education during the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Grand Canyon Education in the 4th quarter valued at about $59,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOPE has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Barrington Research increased their price target on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Wednesday.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded up $3.26 during midday trading on Friday, reaching $196.10. The company had a trading volume of 334,003 shares, compared to its average volume of 180,636. The stock has a market capitalization of $5.57 billion, a P/E ratio of 25.34, a PEG ratio of 1.42 and a beta of 0.80. The stock's fifty day moving average price is $174.72 and its 200-day moving average price is $169.57. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. The business had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.35 EPS. As a group, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

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.