Man Group plc Purchases 7,565 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Man Group plc grew its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,295 shares of the company's stock after buying an additional 7,565 shares during the period. Man Group plc owned 0.11% of Grand Canyon Education worth $5,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GeoWealth Management LLC bought a new stake in Grand Canyon Education in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Grand Canyon Education in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Grand Canyon Education in the fourth quarter valued at about $32,000. Financial Life Planners acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education during the 4th quarter worth about $59,000. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Trading Up 0.4%

Shares of NASDAQ:LOPE traded up $0.76 on Monday, reaching $194.17. 117,078 shares of the company's stock were exchanged, compared to its average volume of 180,140. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The company has a fifty day moving average of $179.82 and a 200-day moving average of $173.60. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. The business had revenue of $289.31 million for the quarter, compared to the consensus estimate of $287.18 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.35 earnings per share. As a group, equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analysts Set New Price Targets

LOPE has been the topic of several research analyst reports. Barrington Research increased their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets boosted their price target on Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday.

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.