Say Investment Company increased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 7.8% in the 3rd quarter, according to its latest filings with the Securities and Exchange Commission (SEC). The company bought an additional 12,125 shares during the quarter, bringing the total stake to 168,209 shares. Sei Investments Co. owned 0.56% of Grand Canyon Education, valued at $19.66 million, as of the most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Grand Canyon Education by 1.3% in the 1st quarter. BlackRock Inc. now owns 3,374,021 shares worth $327.65 million after acquiring an additional 43,876 shares during the period. Vanguard Group Inc. increased its position in shares of Grand Canyon Education by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,975,420 shares of the company's stock valued at $244,729,000 after acquiring an additional 23,522 shares during the period. State Street Corporation increased its position in shares of Grand Canyon Education by 3.9% in the 1st quarter. State Street Corporation now owns 1,090,321 shares of the company's stock valued at $105,881,000 after acquiring an additional 41,102 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of Grand Canyon Education by 2.8% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 984,511 shares of the company's stock worth $115.07 million after acquiring an additional 26,647 shares during the period. Finally, Van Berkom & Associates Inc. increased its position in shares of Grand Canyon Education by 11.9% during the 3rd quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company's stock valued at $111,904,000 after acquiring an additional 92,445 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.
Grand Canyon Education stock falls 1.0%
NASDAQ:LOPE stock opened at $132.80 on Monday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 19.53x, a price-to-earnings ratio of 1.16x, and a beta of 0.59x. Grand Canyon Education, Inc. has a 52-week low of $99.65 and a 52-week high of $144.94. The company's 50 day moving average is $129.64 and its 200 day moving average is $127.14.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.05. The company had revenue of $278.28 million for the quarter, compared to the consensus estimate of $275.0 million. Grand Canyon Education had a net profit margin of 21.33% and a return on equity of 31.75%. On average, sell-side analysts expect that Grand Canyon Education will post 7.65 EPS for the current fiscal year.
Analyst sets new price target
Separately, Barrington Research increased their target price on shares of Grand Canyon Education from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th.
Check out the latest analysis on Grand Canyon Education.
Grand Canyon Education Company Profile
(Free report)
Grand Canyon Education, Inc provides educational services to universities in the United States. We provide technology services such as learning management systems, internal administration, infrastructure, and support services. Academic services such as programs and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites. Counseling and support services, including admissions, financial aid, field experience and other counseling services.
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