Summit Trail Advisors LLC Purchases 4,459 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Summit Trail Advisors LLC increased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 260.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,170 shares of the company's stock after buying an additional 4,459 shares during the period. Summit Trail Advisors LLC's holdings in Grand Canyon Education were worth $1,068,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $57,838,000. T. Rowe Price Investment Management Inc. bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $38,066,000. GAMMA Investing LLC boosted its position in Grand Canyon Education by 22,988.8% during the first quarter. GAMMA Investing LLC now owns 205,721 shares of the company's stock worth $35,594,000 after purchasing an additional 204,830 shares during the period. FMR LLC boosted its position in Grand Canyon Education by 14.3% during the fourth quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after purchasing an additional 189,843 shares during the period. Finally, Parsifal Capital Management LP bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $26,238,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Analysts Set New Price Targets

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

Grand Canyon Education Stock Performance

Shares of LOPE traded up $1.02 during mid-day trading on Thursday, hitting $183.53. The company's stock had a trading volume of 135,459 shares, compared to its average volume of 182,702. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28. The firm has a market capitalization of $5.21 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. The stock's 50-day moving average is $189.55 and its two-hundred day moving average is $178.04.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data 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. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The company had revenue of $289.31 million during the quarter, compared to analysts' expectations of $287.18 million. During the same period in the prior year, the business earned $2.35 earnings per share. Grand Canyon Education's revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts expect 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.