Redwood Investment Management LLC Takes $1.45 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Redwood Investment Management LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,878 shares of the company's stock, valued at approximately $1,454,000.

A number of other hedge funds have also made changes to their positions in LOPE. Counterpoint Mutual Funds LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at about $421,000. QRG Capital Management Inc. acquired a new position in Grand Canyon Education in the fourth quarter valued at approximately $255,000. Postrock Partners LLC bought a new position in shares of Grand Canyon Education during the fourth quarter valued at approximately $1,715,000. JPMorgan Chase & Co. grew its holdings in shares of Grand Canyon Education by 5.7% during the fourth quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company's stock valued at $27,388,000 after purchasing an additional 9,083 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Grand Canyon Education by 33.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 44,786 shares of the company's stock worth $7,336,000 after purchasing an additional 11,245 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Trading Up 0.3%

NASDAQ LOPE traded up $0.54 on Monday, reaching $197.98. The stock had a trading volume of 159,953 shares, compared to its average volume of 180,219. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $202.28. The business has a 50 day moving average price of $177.07 and a 200 day moving average price of $171.93. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.42 and a beta of 0.80.

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

Analyst Upgrades and Downgrades

LOPE has been the topic of a number of analyst reports. Barrington Research increased 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 increased their price objective on 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 cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th.

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.