Farther Finance Advisors LLC Has $550,000 Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Farther Finance Advisors LLC increased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 135.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,113 shares of the company's stock after purchasing an additional 1,791 shares during the quarter. Farther Finance Advisors LLC's holdings in Grand Canyon Education were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NDVR Inc. boosted its holdings in Grand Canyon Education by 5.1% during the fourth quarter. NDVR Inc. now owns 1,878 shares of the company's stock valued at $308,000 after purchasing an additional 91 shares in the last quarter. Xponance Inc. grew its position in Grand Canyon Education by 2.1% in the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock valued at $759,000 after acquiring an additional 95 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Grand Canyon Education by 4.3% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,102 shares of the company's stock worth $508,000 after acquiring an additional 127 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of Grand Canyon Education during the fourth quarter valued at $25,000. Finally, Covestor Ltd lifted its holdings in shares of Grand Canyon Education by 16.4% during the fourth quarter. Covestor Ltd now owns 1,138 shares of the company's stock valued at $186,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analyst Weigh In

LOPE has been the subject of a number of recent analyst reports. Barrington Research increased their target price on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen cut 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 Down 0.6%

NASDAQ LOPE traded down $1.03 during trading hours on Tuesday, hitting $185.66. The company's stock had a trading volume of 184,710 shares, compared to its average volume of 182,636. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The firm has a market capitalization of $5.27 billion, a P/E ratio of 22.57, a PEG ratio of 1.42 and a beta of 0.79. The stock has a fifty day moving average of $186.20 and a 200 day moving average of $176.52.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The company had revenue of $289.31 million for the quarter, compared to the consensus estimate of $287.18 million. During the same quarter in the prior year, the business posted $2.35 EPS. The firm's quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

About Grand Canyon Education

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.