Trexquant Investment LP Purchases New Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Trexquant Investment LP acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,230 shares of the company's stock, valued at approximately $2,331,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Grand Canyon Education during the fourth quarter valued at $27,000. Financial Life Planners purchased a new position in shares of Grand Canyon Education during the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of Grand Canyon Education during the 4th quarter valued at approximately $59,000. Versant Capital Management Inc increased its holdings in Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after acquiring an additional 167 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Grand Canyon Education by 22.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after acquiring an additional 99 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of LOPE stock traded up $2.09 during mid-day trading on Friday, hitting $172.40. The company had a trading volume of 202,672 shares, compared to its average volume of 178,466. The stock's 50 day moving average price is $175.34 and its 200-day moving average price is $163.49. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18. The company has a market capitalization of $4.95 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. The business had revenue of $292.57 million for 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%. On average, equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LOPE shares. StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. BMO Capital Markets increased their price target 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. Finally, Barrington Research boosted their price objective on Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th.

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.