SG Americas Securities LLC Invests $2.59 Million in Grand Canyon Education, Inc. (NASDAQ:LOPE)

SG Americas Securities LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,943 shares of the company's stock, valued at approximately $2,585,000. SG Americas Securities LLC owned 0.05% of Grand Canyon Education as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOPE. Avanza Fonder AB raised its position in shares of Grand Canyon Education by 14.2% in the first quarter. Avanza Fonder AB now owns 1,461 shares of the company's stock valued at $264,000 after buying an additional 182 shares during the last quarter. GAMMA Investing LLC grew its stake in Grand Canyon Education by 33.4% during the 1st quarter. GAMMA Investing LLC now owns 1,189 shares of the company's stock valued at $206,000 after acquiring an additional 298 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Grand Canyon Education by 5.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 43,421 shares of the company's stock valued at $7,513,000 after acquiring an additional 2,163 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings in Grand Canyon Education by 5.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company's stock valued at $234,000 after acquiring an additional 65 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Grand Canyon Education by 135.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,113 shares of the company's stock worth $550,000 after purchasing an additional 1,791 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock traded up $2.80 during trading hours on Wednesday, hitting $188.46. The company's stock had a trading volume of 96,668 shares, compared to its average volume of 182,384. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.42 and a beta of 0.79. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The firm has a fifty day moving average of $186.44 and a 200-day moving average of $176.58.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share (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 net margin of 21.94% and a return on equity of 30.94%. Grand Canyon Education's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.35 EPS. On average, sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Barrington Research lifted their target price on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note 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.