Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,145 shares of the company's stock after purchasing an additional 2,225 shares during the quarter. Cerity Partners LLC owned approximately 0.08% of Grand Canyon Education worth $4,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Pallas Capital Advisors LLC increased its position in shares of Grand Canyon Education by 5.0% during the first quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company's stock valued at $234,000 after acquiring an additional 65 shares in the last quarter. Diversified Trust Co lifted its stake in Grand Canyon Education by 5.4% in the 1st quarter. Diversified Trust Co now owns 1,293 shares of the company's stock worth $224,000 after purchasing an additional 66 shares in the last quarter. NDVR Inc. raised its position in shares of Grand Canyon Education by 5.1% during the 4th quarter. NDVR Inc. now owns 1,878 shares of the company's stock valued at $308,000 after buying an additional 91 shares in the last quarter. Xponance Inc. raised its position in Grand Canyon Education by 2.1% in the 4th quarter. Xponance Inc. now owns 4,634 shares of the company's stock worth $759,000 after purchasing an additional 95 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Grand Canyon Education by 20.5% during the first quarter. Blue Trust Inc. now owns 577 shares of the company's stock worth $100,000 after acquiring an additional 98 shares during the period. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LOPE shares. BMO Capital Markets lowered their target price 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. Barrington Research raised their target price on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.

Grand Canyon Education Stock Up 0.8%

Shares of NASDAQ LOPE traded up $1.40 during trading on Friday, hitting $171.82. The company had a trading volume of 208,137 shares, compared to its average volume of 184,372. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $202.28. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 1.30 and a beta of 0.77. The stock has a fifty day simple moving average of $187.55 and a two-hundred day simple moving average of $179.02.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released 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. 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 business'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, analysts anticipate 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.