Grand Canyon Education, Inc. (NASDAQ:LOPE) Position Boosted by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 885,118 shares of the company's stock after acquiring an additional 14,667 shares during the quarter. Grand Canyon Education makes up 1.5% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 27th biggest position. Burgundy Asset Management Ltd. owned 3.04% of Grand Canyon Education worth $144,982,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Counterpoint Mutual Funds LLC acquired a new stake in Grand Canyon Education during the fourth quarter valued at approximately $421,000. QRG Capital Management Inc. acquired a new stake in Grand Canyon Education during the fourth quarter valued at approximately $255,000. Postrock Partners LLC acquired a new stake in Grand Canyon Education during the fourth quarter valued at approximately $1,715,000. JPMorgan Chase & Co. raised its stake in Grand Canyon Education by 5.7% during the fourth quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company's stock valued at $27,388,000 after buying an additional 9,083 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Grand Canyon Education by 33.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 44,786 shares of the company's stock valued at $7,336,000 after buying an additional 11,245 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barrington Research increased their price target on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets increased their price target on Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock traded up $2.67 on Tuesday, reaching $196.84. 155,732 shares of the company were exchanged, compared to its average volume of 180,043. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.42 and a beta of 0.80. The company's 50-day moving average is $180.30 and its two-hundred day moving average is $173.75.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. During the same period in the prior year, the company posted $2.35 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast 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.