Burgundy Asset Management Ltd. Purchases 14,667 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Burgundy Asset Management Ltd. grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 885,118 shares of the company's stock after purchasing an additional 14,667 shares during the quarter. Grand Canyon Education makes up about 1.5% of Burgundy Asset Management Ltd.'s investment portfolio, making the stock its 27th largest position. Burgundy Asset Management Ltd. owned 3.04% of Grand Canyon Education worth $144,982,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC increased its stake in Grand Canyon Education by 14.3% in the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after purchasing an additional 189,843 shares during the period. Invesco Ltd. increased its stake in shares of Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock worth $81,033,000 after buying an additional 39,136 shares during the period. Boston Partners grew its stake in shares of Grand Canyon Education by 68.6% in the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after purchasing an additional 159,827 shares during the last quarter. Norges Bank purchased a new stake in Grand Canyon Education in the 4th quarter worth approximately $57,838,000. Finally, Renaissance Technologies LLC grew its position in shares of Grand Canyon Education by 0.9% in the 4th quarter. Renaissance Technologies LLC now owns 307,202 shares of the company's stock worth $50,320,000 after buying an additional 2,800 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LOPE. Wall Street Zen cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. BMO Capital Markets lifted their target price on shares of Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Barrington Research increased their price target on shares of 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 Trading Down 0.5%

LOPE traded down $0.92 during trading on Wednesday, reaching $195.92. The stock had a trading volume of 36,546 shares, compared to its average volume of 179,481. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.42 and a beta of 0.80. The stock's 50 day moving average is $180.83 and its two-hundred day moving average is $173.91.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly 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 company had revenue of $289.31 million during the quarter, compared to analysts' expectations of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Grand Canyon Education's revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $2.35 EPS. On average, equities research analysts predict 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.