Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 37.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,839 shares of the company's stock after purchasing an additional 21,191 shares during the quarter. Quantinno Capital Management LP owned about 0.27% of Grand Canyon Education worth $12,750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Parsifal Capital Management LP acquired a new position in Grand Canyon Education in the 4th quarter valued at about $26,238,000. Man Group plc boosted its holdings in Grand Canyon Education by 29.4% in the 4th quarter. Man Group plc now owns 33,295 shares of the company's stock valued at $5,454,000 after purchasing an additional 7,565 shares during the last quarter. NDVR Inc. boosted its holdings in Grand Canyon Education by 5.1% in the 4th quarter. NDVR Inc. now owns 1,878 shares of the company's stock valued at $308,000 after purchasing an additional 91 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Grand Canyon Education by 38.8% in the 4th quarter. Lazard Asset Management LLC now owns 15,731 shares of the company's stock valued at $2,575,000 after purchasing an additional 4,396 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Grand Canyon Education by 14.6% in the 4th quarter. Deutsche Bank AG now owns 87,294 shares of the company's stock valued at $14,299,000 after purchasing an additional 11,153 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on LOPE. Barrington Research upped their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets upped 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 lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th.

Grand Canyon Education Price Performance

Shares of LOPE stock traded up $1.70 during trading hours on Friday, hitting $197.44. The company had a trading volume of 166,225 shares, compared to its average volume of 180,300. The company's fifty day moving average is $177.07 and its 200 day moving average is $171.68. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $202.28. The stock has a market capitalization of $5.60 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.51 by $0.06. The firm had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.35 EPS. Equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

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.