BNP Paribas Financial Markets Purchases 1,972 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

BNP Paribas Financial Markets boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,660 shares of the company's stock after acquiring an additional 1,972 shares during the quarter. BNP Paribas Financial Markets owned 0.05% of Grand Canyon Education worth $2,401,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Grand Canyon Education by 0.4% in the third quarter. Barclays PLC now owns 18,977 shares of the company's stock worth $2,692,000 after purchasing an additional 84 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake 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 worth $692,000 after buying an additional 63 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Grand Canyon Education by 14.4% in the 4th quarter. Park Avenue Securities LLC now owns 5,302 shares of the company's stock worth $868,000 after buying an additional 666 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of Grand Canyon Education in the 4th quarter worth $231,000. Finally, Avanza Fonder AB purchased a new stake in shares of Grand Canyon Education during the 4th quarter valued at $210,000. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Stock Performance

Shares of LOPE stock traded up $0.93 on Thursday, hitting $194.92. 15,109 shares of the company's stock traded hands, compared to its average volume of 179,195. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 1.42 and a beta of 0.80. The company's fifty day simple moving average is $178.81 and its 200 day simple moving average is $172.68. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. During the same period in the prior year, the business posted $2.35 earnings per share. The company's revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LOPE has been the topic of a number of research analyst reports. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Barrington Research upped their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. 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.

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.