Stegent Equity Advisors Inc. Purchases 3,692 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Stegent Equity Advisors Inc. grew its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 300.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,920 shares of the company's stock after acquiring an additional 3,692 shares during the quarter. Stegent Equity Advisors Inc.'s holdings in Grand Canyon Education were worth $851,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Grand Canyon Education by 14.3% in the fourth quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after buying an additional 189,843 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Grand Canyon Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company's stock worth $144,982,000 after buying an additional 14,667 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock worth $81,033,000 after buying an additional 39,136 shares during the last quarter. Boston Partners boosted its holdings in shares of Grand Canyon Education by 68.6% in the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after buying an additional 159,827 shares during the last quarter. Finally, Reinhart Partners LLC. raised its stake in 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 acquiring an additional 35,446 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. 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. BMO Capital Markets decreased their target price on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Barrington Research raised 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 note on Wednesday, May 7th.

Grand Canyon Education Stock Performance

NASDAQ LOPE traded down $1.44 on Friday, hitting $172.79. 163,304 shares of the stock were exchanged, compared to its average volume of 183,907. The stock has a fifty day moving average price of $189.83 and a two-hundred day moving average price of $178.70. The firm has a market capitalization of $4.90 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.33 and a beta of 0.77. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.51 by $0.06. The company had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. Grand Canyon Education's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.35 earnings per share. Sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal 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.