Entropy Technologies LP Boosts Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Key Points

• Entropy Technologies LP has increased its stake in Grand Canyon Education, Inc. by 87.7% to a total of 6,421 shares valued at approximately $1.1 million.
• Several institutional investors, including GeoWealth Management and Migdal Insurance, have also made significant investments in Grand Canyon Education, which is primarily owned by 94.17% institutional investors.
• Recent analyst ratings show Grand Canyon Education receiving an "outperform" rating from Barrington Research, with a target price set at $215.00 per share.

Entropy Technologies LP grew its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 87.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,421 shares of the company's stock after purchasing an additional 3,000 shares during the quarter. Entropy Technologies LP's holdings in Grand Canyon Education were worth $1,111,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. boosted its stake in shares of Grand Canyon Education by 2.9% in the 1st quarter. Benjamin Edwards Inc. now owns 2,683 shares of the company's stock valued at $464,000 after purchasing an additional 75 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Grand Canyon Education in the 1st quarter valued at $86,000. Deutsche Bank AG boosted its stake in shares of Grand Canyon Education by 7.1% in the 1st quarter. Deutsche Bank AG now owns 93,468 shares of the company's stock valued at $16,172,000 after purchasing an additional 6,174 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Grand Canyon Education by 95.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 24,336 shares of the company's stock valued at $4,211,000 after purchasing an additional 11,915 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Grand Canyon Education in the 1st quarter valued at $270,000. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports 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. Barrington Research reiterated an "outperform" rating and set a $215.00 target price on shares of Grand Canyon Education in a research report on Thursday, August 7th. Finally, BMO Capital Markets dropped their target price 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 Price Performance

Shares of Grand Canyon Education stock traded up $1.54 during trading on Friday, reaching $197.64. 178,077 shares of the company traded hands, compared to its average volume of 328,068. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The company has a 50 day moving average price of $180.92 and a 200-day moving average price of $180.71. The firm has a market capitalization of $5.55 billion, a PE ratio of 23.93, a P/E/G ratio of 1.44 and a beta of 0.79.

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