NBC Securities Inc. Buys New Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE)

NBC Securities Inc. bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,423 shares of the company's stock, valued at approximately $419,000.

Other hedge funds also recently bought and sold shares of the company. GeoWealth Management LLC acquired a new stake in Grand Canyon Education in the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Grand Canyon Education in the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Grand Canyon Education in the fourth quarter worth $32,000. Harvest Fund Management Co. Ltd acquired a new stake in Grand Canyon Education in the fourth quarter worth $59,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Grand Canyon Education by 268.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,021 shares of the company's stock worth $167,000 after purchasing an additional 744 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LOPE shares. Barrington Research increased their target price on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd.

Grand Canyon Education Trading Up 1.9%

Shares of LOPE stock traded up $3.66 during trading hours on Friday, hitting $194.20. 225,492 shares of the company were exchanged, compared to its average volume of 181,322. The business has a 50 day moving average of $184.00 and a two-hundred day moving average of $175.31. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $202.28. The company has a market capitalization of $5.51 billion, a PE ratio of 25.09, a PEG ratio of 1.42 and a beta of 0.80.

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 analysts' consensus estimates of $2.51 by $0.06. The business had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 earnings per share. On average, research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

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.