Man Group plc Has $5.45 Million Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Man Group plc increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,295 shares of the company's stock after acquiring an additional 7,565 shares during the quarter. Man Group plc owned about 0.11% of Grand Canyon Education worth $5,454,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Barclays PLC increased its position in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company's stock worth $2,692,000 after acquiring an additional 84 shares during the period. NDVR Inc. grew its stake in Grand Canyon Education by 5.1% during the fourth quarter. NDVR Inc. now owns 1,878 shares of the company's stock worth $308,000 after buying an additional 91 shares in the last quarter. Xponance Inc. grew its stake in Grand Canyon Education by 2.1% during the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock worth $759,000 after buying an additional 95 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Grand Canyon Education by 22.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after buying an additional 99 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew 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 buying an additional 127 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Performance

Shares of LOPE traded up $0.76 during mid-day trading on Friday, reaching $194.17. The company had a trading volume of 117,078 shares, compared to its average volume of 179,899. The company's 50 day simple moving average is $179.82 and its 200 day simple moving average is $173.44. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.42 and a beta of 0.80.

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

Analysts Set New Price Targets

LOPE has been the topic of a number of analyst reports. BMO Capital Markets increased 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. 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. Finally, Barrington Research raised 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 note on Wednesday, May 7th.

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.