EntryPoint Capital LLC Takes Position in Grand Canyon Education, Inc. $LOPE

Key Points

• EntryPoint Capital LLC acquired 1,439 shares of Grand Canyon Education, valued at approximately $249,000, during the first quarter.
• Grand Canyon Education recently received a ratings upgrade from Wall Street Zen from "hold" to "buy," with a consensus rating of "buy" and a price target of $203.67.
• The company reported earnings of $1.53 EPS for the last quarter, exceeding analysts' expectations of $1.37, and had a revenue increase of 8.8% year-over-year.

EntryPoint Capital LLC bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,439 shares of the company's stock, valued at approximately $249,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Credit Agricole S A increased its holdings in Grand Canyon Education by 13,507.0% during the 1st quarter. Credit Agricole S A now owns 13,607 shares of the company's stock worth $2,354,000 after purchasing an additional 13,507 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Grand Canyon Education by 168.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,491 shares of the company's stock worth $3,026,000 after acquiring an additional 10,976 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Grand Canyon Education during the first quarter worth approximately $924,000. Wellington Management Group LLP boosted its holdings in shares of Grand Canyon Education by 33.4% during the first quarter. Wellington Management Group LLP now owns 19,684 shares of the company's stock worth $3,406,000 after acquiring an additional 4,930 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Grand Canyon Education by 8.1% during the first quarter. Northern Trust Corp now owns 370,875 shares of the company's stock worth $64,169,000 after acquiring an additional 27,714 shares during the period. Institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LOPE. Wall Street Zen upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barrington Research reiterated an "outperform" rating and set a $215.00 price target on shares of Grand Canyon Education in a report on Thursday, August 7th. Finally, BMO Capital Markets lowered their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $203.67.

Grand Canyon Education Trading Down 1.0%

Shares of LOPE traded down $2.01 on Friday, reaching $198.73. The company's stock had a trading volume of 39,455 shares, compared to its average volume of 218,579. The stock has a market capitalization of $5.58 billion, a PE ratio of 24.07, a PEG ratio of 1.50 and a beta of 0.79. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $207.12. The firm has a fifty day moving average of $183.99 and a 200-day moving average of $182.23.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.37 by $0.16. The firm had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. As a group, equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Grand Canyon Education Company 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.