Simon Quick Advisors LLC Makes New Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Simon Quick Advisors LLC purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,035 shares of the company's stock, valued at approximately $352,000.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Grand Canyon Education in the 1st quarter valued at $2,585,000. Avanza Fonder AB boosted its stake in Grand Canyon Education by 14.2% during 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 period. GAMMA Investing LLC boosted its stake in Grand Canyon Education by 33.4% during the first quarter. GAMMA Investing LLC now owns 1,189 shares of the company's stock valued at $206,000 after buying an additional 298 shares during the period. Harbor Capital Advisors Inc. grew its position in Grand Canyon Education by 5.2% during the first quarter. Harbor Capital Advisors Inc. now owns 43,421 shares of the company's stock worth $7,513,000 after buying an additional 2,163 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its stake 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 worth $234,000 after acquiring an additional 65 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LOPE. BMO Capital Markets lifted their price target on Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research 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 company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th.

Grand Canyon Education Trading Up 1.6%

Shares of LOPE traded up $2.95 during midday trading on Wednesday, reaching $188.61. The stock had a trading volume of 99,458 shares, compared to its average volume of 199,535. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.42 and a beta of 0.79. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28. The company's 50-day moving average is $186.44 and its 200 day moving average is $176.58.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. The business had revenue of $289.31 million for the quarter, compared to analysts' expectations of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $2.35 earnings per share. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal 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.