Edgestream Partners L.P. Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Edgestream Partners L.P. bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,759 shares of the company's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOPE. Natixis Advisors LLC raised its position in shares of Grand Canyon Education by 3.3% in the 4th quarter. Natixis Advisors LLC now owns 10,484 shares of the company's stock valued at $1,717,000 after buying an additional 331 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Grand Canyon Education by 21.6% in the 4th quarter. Intech Investment Management LLC now owns 4,150 shares of the company's stock valued at $680,000 after buying an additional 737 shares in the last quarter. Xponance Inc. raised its position in shares of Grand Canyon Education by 2.1% in the 4th quarter. Xponance Inc. now owns 4,634 shares of the company's stock valued at $759,000 after buying an additional 95 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at approximately $59,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of Grand Canyon Education by 177.4% during the 4th quarter. Teacher Retirement System of Texas now owns 50,553 shares of the company's stock valued at $8,281,000 after purchasing an additional 32,329 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Trading Down 0.9%

LOPE traded down $1.50 during trading on Thursday, reaching $168.69. 315,173 shares of the company's stock were exchanged, compared to its average volume of 200,753. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28. The stock has a market capitalization of $4.79 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.30 and a beta of 0.77. The firm has a fifty day moving average price of $185.50 and a two-hundred day moving average price of $179.21.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same period in the previous year, the firm posted $2.35 EPS. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LOPE shares. Wall Street Zen lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. BMO Capital Markets decreased their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a report on Monday, July 7th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $215.00 price target on shares of Grand Canyon Education in a report on Wednesday.

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.