Invesco Ltd. lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 494,706 shares of the company's stock after buying an additional 39,136 shares during the quarter. Invesco Ltd. owned approximately 1.70% of Grand Canyon Education worth $81,033,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Counterpoint Mutual Funds LLC bought a new position in Grand Canyon Education in the fourth quarter worth about $421,000. Sanctuary Advisors LLC raised its position in shares of Grand Canyon Education by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock worth $352,000 after purchasing an additional 209 shares during the period. QRG Capital Management Inc. bought a new stake in shares of Grand Canyon Education in the 4th quarter worth approximately $255,000. Postrock Partners LLC acquired a new position in Grand Canyon Education during the 4th quarter valued at approximately $1,715,000. Finally, Franklin Resources Inc. boosted its position in Grand Canyon Education by 10.7% during the 3rd quarter. Franklin Resources Inc. now owns 37,523 shares of the company's stock valued at $5,014,000 after purchasing an additional 3,630 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.
Grand Canyon Education Stock Performance
Shares of NASDAQ:LOPE traded down $4.35 during trading on Friday, reaching $174.32. The company had a trading volume of 182,086 shares, compared to its average volume of 179,690. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The firm has a market capitalization of $5.01 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The firm's fifty day moving average is $174.94 and its 200 day moving average is $164.28.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued 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 firm had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Equities analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on LOPE. StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $205.00 price target on shares of Grand Canyon Education in a report on Tuesday.
Read Our Latest Stock Report on LOPE
About Grand Canyon Education
(
Free Report)
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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