Quantbot Technologies LP Purchases Shares of 5,341 Grand Canyon Education, Inc. $LOPE

Key Points

• Quantbot Technologies LP has invested approximately $924,000 in Grand Canyon Education, purchasing 5,341 shares during the first quarter.
• Several hedge funds have significantly increased their stakes in Grand Canyon Education, with Burgundy Asset Management Ltd. owning over $163 million worth of shares.
• Analysts maintain a consensus "Buy" rating for Grand Canyon Education, marking an upgrade from a previous "hold" rating, with a current price target averaging $203.67.

Quantbot Technologies LP purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 5,341 shares of the company's stock, valued at approximately $924,000.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Grand Canyon Education by 33.4% during the 1st quarter. Wellington Management Group LLP now owns 19,684 shares of the company's stock worth $3,406,000 after acquiring an additional 4,930 shares during the period. Northern Trust Corp boosted its position in shares of Grand Canyon Education by 8.1% during the 1st quarter. Northern Trust Corp now owns 370,875 shares of the company's stock worth $64,169,000 after purchasing an additional 27,714 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Grand Canyon Education by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 946,152 shares of the company's stock worth $163,703,000 after purchasing an additional 61,034 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Grand Canyon Education by 7.1% during the 1st quarter. American Century Companies Inc. now owns 21,357 shares of the company's stock worth $3,695,000 after purchasing an additional 1,409 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Grand Canyon Education during the 1st quarter worth about $35,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LOPE. Barrington Research reaffirmed an "outperform" rating and issued a $215.00 price target on shares of Grand Canyon Education in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets lowered their price objective 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. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Grand Canyon Education currently has an average rating of "Buy" and an average price target of $203.67.

Grand Canyon Education Trading Up 0.4%

NASDAQ LOPE traded up $0.83 during trading hours on Friday, reaching $201.57. The company had a trading volume of 331,607 shares, compared to its average volume of 311,140. The stock has a market capitalization of $5.66 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 1.48 and a beta of 0.79. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $207.12. The stock has a 50-day moving average of $184.25 and a 200 day moving average of $182.37.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.16. The business had revenue of $247.50 million for the quarter, compared to analysts' expectations of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

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.