Freestone Grove Partners LP Purchases Shares of 1,880 Grand Canyon Education, Inc. (NASDAQ:LOPE)

Freestone Grove Partners LP purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,880 shares of the company's stock, valued at approximately $308,000.

A number of other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Grand Canyon Education by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock valued at $692,000 after purchasing an additional 63 shares during the period. Barclays PLC grew its position in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company's stock worth $2,692,000 after buying an additional 84 shares in the last quarter. Xponance Inc. increased its stake in Grand Canyon Education by 2.1% in the 4th quarter. Xponance Inc. now owns 4,634 shares of the company's stock worth $759,000 after acquiring an additional 95 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Grand Canyon Education by 22.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock valued at $88,000 after acquiring an additional 99 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Grand Canyon Education by 16.2% during the 4th quarter. GAMMA Investing LLC now owns 891 shares of the company's stock valued at $146,000 after acquiring an additional 124 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on LOPE. StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Finally, Barrington Research upped 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 report on Wednesday.

Grand Canyon Education Stock Performance

NASDAQ:LOPE traded up $8.56 during mid-day trading on Wednesday, reaching $194.01. The stock had a trading volume of 596,933 shares, compared to its average volume of 181,341. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.45. The firm has a 50 day moving average price of $174.15 and a two-hundred day moving average price of $168.46. The stock has a market capitalization of $5.51 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. During the same period in the previous year, the business posted $2.35 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

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.