31,780 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Acquired by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,780 shares of the company's stock, valued at approximately $5,206,000. Grand Canyon Education accounts for approximately 3.3% of Sovereign s Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Sovereign s Capital Management LLC owned approximately 0.11% of Grand Canyon Education at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Redwood Investment Management LLC purchased a new position in shares of Grand Canyon Education during the fourth quarter worth approximately $1,454,000. ProShare Advisors LLC bought a new position in shares of Grand Canyon Education during the fourth quarter valued at approximately $220,000. Quantinno Capital Management LP boosted its stake in shares of Grand Canyon Education by 37.4% during the fourth quarter. Quantinno Capital Management LP now owns 77,839 shares of the company's stock valued at $12,750,000 after purchasing an additional 21,191 shares in the last quarter. Parsifal Capital Management LP bought a new position in shares of Grand Canyon Education during the fourth quarter valued at approximately $26,238,000. Finally, Man Group plc boosted its stake in shares of Grand Canyon Education by 29.4% during the fourth quarter. Man Group plc now owns 33,295 shares of the company's stock valued at $5,454,000 after purchasing an additional 7,565 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

LOPE traded down $0.58 during trading on Thursday, hitting $193.41. The stock had a trading volume of 136,364 shares, compared to its average volume of 179,956. The company has a market capitalization of $5.49 billion, a PE ratio of 24.99, a PEG ratio of 1.42 and a beta of 0.80. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28. The stock has a 50 day simple moving average of $178.81 and a two-hundred day simple moving average of $172.68.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.06. The company 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%. Grand Canyon Education's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $2.35 earnings per share. On average, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LOPE shares. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday. Barrington Research increased their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.

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.