T. Rowe Price Investment Management Inc. Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

T. Rowe Price Investment Management Inc. bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 232,391 shares of the company's stock, valued at approximately $38,066,000. T. Rowe Price Investment Management Inc. owned about 0.80% of Grand Canyon Education as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LOPE shares. Barrington Research reissued an "outperform" rating and set a $205.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, April 15th. StockNews.com lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, BMO Capital Markets increased their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a report on Friday, February 21st.

Grand Canyon Education Stock Performance

LOPE stock traded up $6.00 during trading on Friday, reaching $184.97. The company had a trading volume of 78,778 shares, compared to its average volume of 179,009. The firm has a 50-day simple moving average of $173.40 and a 200-day simple moving average of $166.95. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $192.18. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.

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

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.