Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 360,825 shares of the company's stock after acquiring an additional 13,347 shares during the period. Los Angeles Capital Management LLC owned approximately 1.27% of Grand Canyon Education worth $62,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in Grand Canyon Education in the 4th quarter valued at about $57,838,000. T. Rowe Price Investment Management Inc. bought a new stake in Grand Canyon Education in the 4th quarter valued at about $38,066,000. GAMMA Investing LLC increased its position in Grand Canyon Education by 22,988.8% in the 1st quarter. GAMMA Investing LLC now owns 205,721 shares of the company's stock valued at $35,594,000 after buying an additional 204,830 shares in the last quarter. FMR LLC increased its holdings in Grand Canyon Education by 14.3% during the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after purchasing an additional 189,843 shares in the last quarter. Finally, Parsifal Capital Management LP bought a new stake in Grand Canyon Education during the 4th quarter worth approximately $26,238,000. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Up 0.8%

Shares of LOPE stock traded up $1.40 during trading hours on Friday, hitting $171.82. 208,137 shares of the company's stock traded hands, compared to its average volume of 184,529. The stock's fifty day simple moving average is $187.55 and its two-hundred day simple moving average is $179.12. 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 cap of $4.88 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.31 and a beta of 0.77.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $287.18 million. During the same period last year, the firm posted $2.35 earnings per share. Grand Canyon Education's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barrington Research boosted their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets reduced their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Finally, Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th.

Grand Canyon Education 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.