Harbor Capital Advisors Inc. increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,421 shares of the company's stock after purchasing an additional 2,163 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.15% of Grand Canyon Education worth $7,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Grand Canyon Education by 0.4% during the 3rd quarter. Barclays PLC now owns 18,977 shares of the company's stock valued at $2,692,000 after buying an additional 84 shares during the last quarter. Choreo LLC raised its position in Grand Canyon Education by 11.3% during the fourth quarter. Choreo LLC now owns 2,491 shares of the company's stock valued at $407,000 after acquiring an additional 253 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Grand Canyon Education by 93.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,170 shares of the company's stock valued at $192,000 after acquiring an additional 565 shares in the last quarter. Entropy Technologies LP lifted its holdings in Grand Canyon Education by 13.2% in the fourth quarter. Entropy Technologies LP now owns 3,421 shares of the company's stock valued at $560,000 after acquiring an additional 400 shares during the period. Finally, Summit Trail Advisors LLC purchased a new stake in Grand Canyon Education in the 4th quarter worth approximately $280,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently 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. 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 report on Wednesday, May 7th. Finally, BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd.
Check Out Our Latest Stock Analysis on Grand Canyon Education
Grand Canyon Education Price Performance
LOPE stock traded up $1.11 during mid-day trading on Friday, reaching $184.86. 229,596 shares of the company's stock were exchanged, compared to its average volume of 182,455. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28. The stock's 50 day moving average is $185.27 and its 200 day moving average is $176.08. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.42 and a beta of 0.79.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. During the same period in the prior year, the company posted $2.35 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.
About Grand Canyon Education
(
Free Report)
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.
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