GSA Capital Partners LLP Takes $720,000 Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Key Points

• GSA Capital Partners LLP has invested approximately $720,000 in Grand Canyon Education, acquiring 4,163 shares during the first quarter.
• Grand Canyon Education reported $2.57 earnings per share for the most recent quarter, exceeding analysts' estimates of $2.51.
• The stock has experienced a 1-year low of $130.69 and a high of $202.28, highlighting its price volatility.

GSA Capital Partners LLP bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,163 shares of the company's stock, valued at approximately $720,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LOPE. GeoWealth Management LLC bought a new stake in shares of Grand Canyon Education during the 4th quarter worth about $25,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Grand Canyon Education during the 4th quarter worth about $32,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Grand Canyon Education by 58.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock worth $45,000 after acquiring an additional 96 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock worth $55,000 after acquiring an additional 165 shares in the last quarter. Finally, Cypress Capital Management LLC WY bought a new stake in shares of Grand Canyon Education during the 1st quarter worth about $65,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOPE has been the subject of several research analyst reports. BMO Capital Markets cut their price objective on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research report on Monday, July 7th. Wall Street Zen cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Barrington Research reissued an "outperform" rating and set a $215.00 price objective on shares of Grand Canyon Education in a research report on Wednesday, July 23rd.

Grand Canyon Education Stock Performance

LOPE traded down $2.80 during mid-day trading on Tuesday, reaching $167.66. The stock had a trading volume of 266,468 shares, compared to its average volume of 207,707. The firm's fifty day simple moving average is $181.82 and its two-hundred day simple moving average is $179.60. The stock has a market capitalization of $4.76 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.30 and a beta of 0.79. 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 results 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. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The company had revenue of $289.31 million for the quarter, compared to the consensus estimate of $287.18 million. During the same quarter in the prior year, the business posted $2.35 EPS. The firm's quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

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.