Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Bought by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,200 shares of the company's stock after acquiring an additional 2,800 shares during the period. Oberweis Asset Management Inc. owned 0.24% of Grand Canyon Education worth $11,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GeoWealth Management LLC purchased a new position in Grand Canyon Education in the 4th quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Grand Canyon Education during the fourth quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new position in Grand Canyon Education in the 4th quarter valued at $32,000. Financial Life Planners acquired a new position in Grand Canyon Education in the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Grand Canyon Education during the 4th quarter worth $59,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

LOPE traded up $2.30 on Tuesday, reaching $178.22. 40,401 shares of the company's stock were exchanged, compared to its average volume of 194,528. Grand Canyon Education, Inc. has a twelve month low of $129.86 and a twelve month high of $192.18. The company's 50 day moving average is $173.62 and its 200-day moving average is $166.48. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analysts Forecast Growth

LOPE has been the topic of several recent analyst reports. Barrington Research reiterated an "outperform" rating and set a $205.00 target price on shares of Grand Canyon Education in a research report on Tuesday, April 15th. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Finally, StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report 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.