Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 135.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,113 shares of the company's stock after buying an additional 1,791 shares during the period. Farther Finance Advisors LLC's holdings in Grand Canyon Education were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Grand Canyon Education by 14.3% during the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock valued at $247,870,000 after buying an additional 189,843 shares during the period. Burgundy Asset Management Ltd. grew its position in Grand Canyon Education by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company's stock valued at $144,982,000 after acquiring an additional 14,667 shares during the period. Invesco Ltd. grew its position in Grand Canyon Education by 8.6% during the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock valued at $81,033,000 after acquiring an additional 39,136 shares during the period. Boston Partners increased its stake in Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after acquiring an additional 159,827 shares during the last quarter. Finally, Reinhart Partners LLC. increased its stake in Grand Canyon Education by 10.7% during the first quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock worth $63,393,000 after acquiring an additional 35,446 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

LOPE has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Barrington Research lifted their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research report 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 Performance

Shares of LOPE stock traded up $2.68 during trading hours on Thursday, reaching $188.34. The company had a trading volume of 206,430 shares, compared to its average volume of 182,791. The company has a market capitalization of $5.35 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The stock's fifty day simple moving average is $186.72 and its 200 day simple moving average is $176.66.

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, beating the consensus estimate of $2.51 by $0.06. The company had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. During the same quarter last year, the company earned $2.35 earnings per share. Grand Canyon Education's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities 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.