Los Angeles Capital Management LLC Has $62.43 Million Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Los Angeles Capital Management LLC raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Grand Canyon Education in the 4th quarter valued at about $10,262,000. Natixis Advisors LLC increased its holdings in shares of Grand Canyon Education by 3.3% in the 4th quarter. Natixis Advisors LLC now owns 10,484 shares of the company's stock valued at $1,717,000 after purchasing an additional 331 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Grand Canyon Education by 21.6% in the 4th quarter. Intech Investment Management LLC now owns 4,150 shares of the company's stock valued at $680,000 after purchasing an additional 737 shares in the last quarter. Xponance Inc. increased its holdings in shares of Grand Canyon Education by 2.1% in the 4th quarter. Xponance Inc. now owns 4,634 shares of the company's stock valued at $759,000 after purchasing an additional 95 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Grand Canyon Education in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded down $0.37 during midday trading on Wednesday, reaching $169.20. The company had a trading volume of 126,540 shares, compared to its average volume of 185,041. The stock's fifty day moving average price is $187.55 and its 200-day moving average price is $179.24. The stock has a market capitalization of $4.80 billion, a P/E ratio of 21.23, a PEG ratio of 1.30 and a beta of 0.77. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the previous year, the firm earned $2.35 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LOPE has been the subject of several recent research reports. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Barrington Research reissued an "outperform" rating and issued a $215.00 target price on shares of Grand Canyon Education in a research report on Wednesday. Finally, BMO Capital Markets reduced their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research report on Monday, July 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.