Versant Capital Management Inc Has $425,000 Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Versant Capital Management Inc raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 484.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,454 shares of the company's stock after purchasing an additional 2,034 shares during the quarter. Versant Capital Management Inc's holdings in Grand Canyon Education were worth $425,000 at the end of the most recent quarter.

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

Grand Canyon Education Stock Down 0.0%

LOPE stock traded down $0.05 during trading on Wednesday, reaching $197.30. 62,227 shares of the company's stock were exchanged, compared to its average volume of 179,649. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The firm has a market cap of $5.60 billion, a PE ratio of 25.49, a P/E/G ratio of 1.42 and a beta of 0.80. The company's fifty day moving average price is $183.25 and its 200-day moving average price is $174.98.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. The business had revenue of $289.31 million for the quarter, compared to analysts' expectations of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.35 earnings per share. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on LOPE shares. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. 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 report on Wednesday, May 7th.

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.