Nebula Research & Development LLC Increases Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Nebula Research & Development LLC raised its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 135.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,807 shares of the company's stock after buying an additional 2,191 shares during the period. Nebula Research & Development LLC's holdings in Grand Canyon Education were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

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

Grand Canyon Education Price Performance

NASDAQ LOPE traded up $7.28 during trading on Friday, reaching $186.25. The company's stock had a trading volume of 225,403 shares, compared to its average volume of 179,579. The firm has a fifty day moving average of $173.40 and a 200 day moving average of $166.95. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $192.18. The stock has a market capitalization of $5.35 billion, a PE ratio of 24.06, a P/E/G ratio of 1.42 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LOPE shares. StockNews.com cut 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 issued a $205.00 target price on shares of Grand Canyon Education in a research note on Tuesday, April 15th. Finally, BMO Capital Markets upped their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, February 21st.

About Grand Canyon Education

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.