ProShare Advisors LLC Acquires Shares of 1,345 Grand Canyon Education, Inc. (NASDAQ:LOPE)

ProShare Advisors LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,345 shares of the company's stock, valued at approximately $220,000.

A number of other large investors have also modified their holdings of LOPE. GeoWealth Management LLC purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth $32,000. Financial Life Planners purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth $37,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth $59,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Trading Down 1.3%

NASDAQ:LOPE traded down $2.52 during trading hours on Wednesday, hitting $194.83. The company's stock had a trading volume of 321,232 shares, compared to its average volume of 180,536. The stock has a market capitalization of $5.53 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80. The stock has a fifty day moving average of $183.65 and a 200-day moving average of $175.11. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.51 by $0.06. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Grand Canyon Education's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.35 earnings per share. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Grand Canyon Education

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.