Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 262.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,221 shares of the company's stock after purchasing an additional 3,779 shares during the quarter. Tower Research Capital LLC TRC's holdings in Grand Canyon Education were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

LOPE has been the subject of several recent analyst reports. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barrington Research reissued an "outperform" rating and issued a $205.00 price target on shares of Grand Canyon Education in a report on Tuesday, April 15th. Finally, BMO Capital Markets boosted their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st.

Grand Canyon Education Stock Up 0.6 %

Grand Canyon Education stock traded up $1.00 during trading on Thursday, hitting $179.37. The stock had a trading volume of 25,660 shares, compared to its average volume of 179,008. The stock's 50 day moving average is $173.37 and its two-hundred day moving average is $166.64. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 1 year low of $130.02 and a 1 year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced 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 net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Grand Canyon Education Company 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.