Grand Canyon Education, Inc. $LOPE Stake Increased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Grand Canyon Education, Inc. by 41.2% during the second quarter, owning 4,397 shares valued at approximately $831,000.
• Institutional investors currently hold 94.17% of Grand Canyon Education's stock, indicating strong confidence in the company's prospects.
• The company reported a 22.15% net margin and a 31.50% return on equity in its latest quarterly earnings, outperforming analysts' estimates.

Farther Finance Advisors LLC raised its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 41.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,397 shares of the company's stock after acquiring an additional 1,284 shares during the quarter. Farther Finance Advisors LLC's holdings in Grand Canyon Education were worth $831,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Burgundy Asset Management Ltd. lifted its holdings in shares of Grand Canyon Education by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 946,152 shares of the company's stock worth $163,703,000 after purchasing an additional 61,034 shares during the last quarter. AQR Capital Management LLC boosted its position in Grand Canyon Education by 2.1% during the 1st quarter. AQR Capital Management LLC now owns 577,082 shares of the company's stock worth $99,656,000 after acquiring an additional 12,003 shares during the period. Allianz Asset Management GmbH grew its position in Grand Canyon Education by 79.7% in the 1st quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company's stock valued at $66,828,000 after buying an additional 171,261 shares in the last quarter. Northern Trust Corp increased its stake in Grand Canyon Education by 8.1% during the 1st quarter. Northern Trust Corp now owns 370,875 shares of the company's stock valued at $64,169,000 after buying an additional 27,714 shares during the period. Finally, Reinhart Partners LLC. raised its position in shares of Grand Canyon Education by 10.7% during the 1st quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock worth $63,393,000 after buying an additional 35,446 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Price Performance

Grand Canyon Education stock opened at $214.30 on Friday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.55 and a beta of 0.80. The firm has a fifty day moving average price of $194.44 and a two-hundred day moving average price of $186.01. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $214.58.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.16. The firm had revenue of $247.50 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LOPE shares. BMO Capital Markets lowered their price target on 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. Wall Street Zen raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Grand Canyon Education currently has an average rating of "Buy" and an average target price of $208.67.

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.

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