Lecap Asset Management Ltd. Grows Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Lecap Asset Management Ltd. lifted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 56.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,206 shares of the company's stock after buying an additional 1,879 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Grand Canyon Education were worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LOPE. Ieq Capital LLC boosted its stake in shares of Grand Canyon Education by 9.1% in the fourth quarter. Ieq Capital LLC now owns 3,377 shares of the company's stock valued at $553,000 after buying an additional 282 shares during the period. Stegent Equity Advisors Inc. acquired a new stake in Grand Canyon Education during the fourth quarter worth about $201,000. QRG Capital Management Inc. bought a new position in Grand Canyon Education in the 4th quarter valued at about $255,000. Parkside Financial Bank & Trust raised its position in shares of Grand Canyon Education by 5.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,461 shares of the company's stock valued at $567,000 after buying an additional 171 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Grand Canyon Education by 19.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,391 shares of the company's stock valued at $227,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Stock Up 1.4%

LOPE traded up $2.64 during trading on Friday, reaching $189.45. 364,529 shares of the stock traded hands, compared to its average volume of 183,488. The stock's 50-day moving average is $188.37 and its 200 day moving average is $177.51. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $202.28. The stock has a market capitalization of $5.38 billion, a PE ratio of 23.77, a P/E/G ratio of 1.42 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. 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 previous year, the company earned $2.35 EPS. Grand Canyon Education's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

LOPE has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. BMO Capital Markets lifted their price target on Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Barrington Research upped their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research note 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.