Informed Momentum Co LLC Invests $3.72 Million in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Key Points

• Informed Momentum Co LLC has invested approximately $3.72 million in Grand Canyon Education, acquiring 21,505 shares, which represents 0.08% ownership of the company.
• Several institutional investors, including LPL Financial LLC and Invesco Ltd, have significantly increased their stakes in Grand Canyon Education, indicating strong institutional interest in the stock.
• Wall Street analysts are bullish on Grand Canyon Education, with upgrades to buy ratings and price targets around $210 to $215 after the company reported better-than-expected quarterly earnings.

Informed Momentum Co LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 21,505 shares of the company's stock, valued at approximately $3,721,000. Informed Momentum Co LLC owned approximately 0.08% of Grand Canyon Education at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new stake in Grand Canyon Education in the 1st quarter valued at $232,000. Convergence Financial LLC acquired a new stake in shares of Grand Canyon Education during the first quarter valued at about $249,000. Bessemer Group Inc. grew its stake in shares of Grand Canyon Education by 244.2% during the first quarter. Bessemer Group Inc. now owns 716 shares of the company's stock valued at $124,000 after acquiring an additional 508 shares in the last quarter. 111 Capital acquired a new stake in shares of Grand Canyon Education during the fourth quarter valued at about $528,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Grand Canyon Education by 5.2% during the first quarter. Harbor Capital Advisors Inc. now owns 43,421 shares of the company's stock valued at $7,513,000 after acquiring an additional 2,163 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

Shares of LOPE stock traded down $1.90 during trading hours on Thursday, hitting $196.10. 198,307 shares of the company were exchanged, compared to its average volume of 219,716. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28. The business's 50-day simple moving average is $180.85 and its two-hundred day simple moving average is $180.53. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 1.46 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The business had revenue of $247.50 million for the quarter, compared to analysts' expectations of $240.90 million. During the same quarter last year, the company posted $1.19 earnings per share. The company's quarterly revenue was up 8.8% compared to the same quarter last year. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LOPE shares. BMO Capital Markets lowered their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research note on Monday, July 7th. Barrington Research restated an "outperform" rating and set a $215.00 target price on shares of Grand Canyon Education in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th.

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.