Wellington Management Group LLP Has $3.41 Million Position in Grand Canyon Education, Inc. $LOPE

Key Points

• Wellington Management Group LLP increased its stake in Grand Canyon Education, Inc. by 33.4% during the first quarter, owning approximately 0.07% of the company's stock worth $3.4 million.
• Grand Canyon Education's recent earnings report showed an EPS of $1.53, exceeding analysts' expectations, with revenue rising 8.8% year-over-year to $247.5 million.
• Wall Street analysts have given Grand Canyon Education an average rating of "Buy" with a target price of $203.67, reflecting strong investor interest.

Wellington Management Group LLP grew its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 33.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,684 shares of the company's stock after buying an additional 4,930 shares during the period. Wellington Management Group LLP owned approximately 0.07% of Grand Canyon Education worth $3,406,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Tudor Investment Corp ET AL grew its stake in Grand Canyon Education by 8.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 2,339 shares of the company's stock valued at $383,000 after acquiring an additional 181 shares during the period. Schonfeld Strategic Advisors LLC grew its position in shares of Grand Canyon Education by 13.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,750 shares of the company's stock valued at $1,433,000 after purchasing an additional 1,036 shares during the period. Freestone Grove Partners LP bought a new stake in Grand Canyon Education during the 4th quarter worth approximately $308,000. BNP Paribas Financial Markets raised its holdings in Grand Canyon Education by 15.5% during the 4th quarter. BNP Paribas Financial Markets now owns 14,660 shares of the company's stock worth $2,401,000 after buying an additional 1,972 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in Grand Canyon Education by 247.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 85,410 shares of the company's stock worth $13,990,000 after buying an additional 60,811 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Stock Up 0.5%

Shares of NASDAQ LOPE traded up $0.96 during trading hours on Thursday, hitting $206.50. The company had a trading volume of 27,314 shares, compared to its average volume of 219,022. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $207.12. The firm's 50 day moving average is $185.13 and its 200-day moving average is $182.79. The stock has a market capitalization of $5.80 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80.

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 (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The firm had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. During the same quarter in the prior year, the company earned $1.19 earnings per share. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barrington Research reissued an "outperform" rating and set a $215.00 price objective on shares of Grand Canyon Education in a research report on Thursday, August 7th. Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, BMO Capital Markets reduced their price objective on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research report on Monday, July 7th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $203.67.

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.