1,759 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,759 shares of the company's stock, valued at approximately $304,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. GeoWealth Management LLC purchased a new stake in shares of Grand Canyon Education during the 4th quarter valued at about $25,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $32,000. UMB Bank n.a. raised its stake in shares of Grand Canyon Education by 107.8% during the first quarter. UMB Bank n.a. now owns 318 shares of the company's stock valued at $55,000 after purchasing an additional 165 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Grand Canyon Education during the fourth quarter worth $59,000. Finally, Blue Trust Inc. boosted its stake in shares of Grand Canyon Education by 20.5% in the first quarter. Blue Trust Inc. now owns 577 shares of the company's stock valued at $100,000 after purchasing an additional 98 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LOPE. 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 dropped their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research report on Monday, July 7th. Finally, Barrington Research boosted 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, May 7th.

Grand Canyon Education Price Performance

LOPE opened at $171.82 on Monday. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28. The stock has a market capitalization of $4.88 billion, a PE ratio of 21.56, a P/E/G ratio of 1.31 and a beta of 0.77. The firm's fifty day moving average price is $187.55 and its 200 day moving average price is $179.24.

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 21.94% and a return on equity of 30.94%. 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. On average, equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

About Grand Canyon Education

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.