Chicago Partners Investment Group LLC Makes New Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Key Points

• Chicago Partners Investment Group LLC invested approximately $270,000 in Grand Canyon Education, acquiring 1,558 shares during the first quarter.
• Several large investors have increased their stakes in Grand Canyon Education, with institutional ownership now at 94.17% of the company's stock.
• Grand Canyon Education reported better-than-expected quarterly earnings with an EPS of $1.53, exceeding the consensus estimate of $1.37 by $0.16.

Chicago Partners Investment Group LLC bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,558 shares of the company's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GeoWealth Management LLC bought a new position in Grand Canyon Education during the 4th quarter valued at $25,000. 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 valued at $45,000 after acquiring an additional 96 shares during the last quarter. 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 valued at $55,000 after acquiring an additional 165 shares during the last quarter. Cypress Capital Management LLC WY bought a new position in Grand Canyon Education during the 1st quarter valued at $65,000. Finally, Bayforest Capital Ltd bought a new position in Grand Canyon Education during the 1st quarter valued at $75,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LOPE has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Barrington Research reiterated an "outperform" rating and set a $215.00 price objective on shares of Grand Canyon Education in a research note on Thursday, August 7th. Finally, BMO Capital Markets reduced their price target on shares of 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.

Grand Canyon Education Stock Up 0.8%

Grand Canyon Education stock traded up $1.54 during trading hours on Friday, hitting $197.64. 178,077 shares of the company traded hands, compared to its average volume of 328,068. The firm has a market cap of $5.55 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.44 and a beta of 0.79. The firm's 50-day simple moving average is $180.92 and its two-hundred day simple moving average is $180.71. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.16. The company had revenue of $247.50 million for the quarter, compared to analysts' expectations of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The business's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 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 Company 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.