4D Advisors LLC Buys Shares of 36,500 Grand Canyon Education, Inc. $LOPE

Key Points

• 4D Advisors LLC invested approximately $6.32 million in Grand Canyon Education by acquiring 36,500 shares, making it the firm's 4th largest holding.
• Grand Canyon Education achieved earnings per share of $1.53 for the most recent quarter, surpassing analysts' expectations, and reported a year-over-year revenue increase of 8.8%.
• The stock has a market cap of $5.66 billion and has been recently rated as a "buy" by several analysts, maintaining an average target price of $203.67.

4D Advisors LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 36,500 shares of the company's stock, valued at approximately $6,315,000. Grand Canyon Education makes up approximately 4.9% of 4D Advisors LLC's holdings, making the stock its 4th biggest holding. 4D Advisors LLC owned approximately 0.13% of Grand Canyon Education at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LOPE. SVB Wealth LLC purchased a new position in shares of Grand Canyon Education in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Grand Canyon Education in the 1st quarter valued at $35,000. WPG Advisers LLC purchased a new position in Grand Canyon Education in the 1st quarter valued at $44,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Grand Canyon Education by 58.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock worth $45,000 after purchasing an additional 96 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock worth $55,000 after purchasing an additional 165 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Trading Down 0.4%

Grand Canyon Education stock traded down $0.86 during midday trading on Friday, hitting $204.28. 171,092 shares of the stock were exchanged, compared to its average volume of 246,975. The stock's 50-day simple moving average is $185.79 and its 200 day simple moving average is $183.06. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $207.22. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.50 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.16. The company had revenue of $247.50 million for 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%. Grand Canyon Education's revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. Equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LOPE shares. 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. BMO Capital Markets dropped their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research note on Monday, July 7th. Finally, Barrington Research reissued an "outperform" rating and issued a $215.00 target price on shares of Grand Canyon Education in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Grand Canyon Education currently has an average rating of "Buy" and a consensus price target of $203.67.

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.