Grand Canyon Education, Inc. (NASDAQ:LOPE) Short Interest Update

Grand Canyon Education, Inc. (NASDAQ:LOPE - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 448,500 shares, a growth of 23.6% from the March 31st total of 362,900 shares. Based on an average daily trading volume, of 210,300 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.6% of the company's shares are sold short.

Institutional Trading of Grand Canyon Education

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Grand Canyon Education in the 4th quarter valued at about $57,838,000. T. Rowe Price Investment Management Inc. purchased a new position in Grand Canyon Education in the fourth quarter valued at approximately $38,066,000. GAMMA Investing LLC lifted its position in shares of Grand Canyon Education by 22,988.8% during the 1st quarter. GAMMA Investing LLC now owns 205,721 shares of the company's stock worth $35,594,000 after buying an additional 204,830 shares during the last quarter. FMR LLC grew its position in shares of Grand Canyon Education by 14.3% in the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock valued at $247,870,000 after buying an additional 189,843 shares during the last quarter. Finally, Parsifal Capital Management LP purchased a new stake in Grand Canyon Education in the fourth quarter valued at $26,238,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Up 4.1 %

LOPE stock traded up $7.28 during midday trading on Friday, hitting $186.25. The company's stock had a trading volume of 225,403 shares, compared to its average volume of 179,589. The firm has a market capitalization of $5.29 billion, a P/E ratio of 24.06, a PEG ratio of 1.42 and a beta of 0.80. The firm has a 50-day simple moving average of $173.58 and a 200-day simple moving average of $167.55. Grand Canyon Education has a 52-week low of $130.69 and a 52-week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The company had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. On average, sell-side analysts expect that Grand Canyon Education will post 8.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports 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. Barrington Research restated an "outperform" rating and set a $205.00 price target on shares of Grand Canyon Education in a research note on Tuesday, April 15th. Finally, BMO Capital Markets lifted their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research note on Friday, February 21st.

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.

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