Teacher Retirement System of Texas Has $8.28 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Teacher Retirement System of Texas raised its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 177.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,553 shares of the company’s stock after purchasing an additional 32,329 shares during the quarter. Teacher Retirement System of Texas’ holdings in Grand Canyon Education were worth $8,281,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its position in Grand Canyon Education by 12.0% during the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after buying an additional 141,648 shares during the period. State Street Corp increased its position in Grand Canyon Education by 0.9% during the 3rd quarter. State Street Corp now owns 883,971 shares of the company’s stock worth $125,391,000 after buying an additional 8,159 shares during the period. Wasatch Advisors LP increased its position in Grand Canyon Education by 15.4% during the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after buying an additional 68,579 shares during the period. Boston Partners increased its position in Grand Canyon Education by 68.6% during the 4th quarter. Boston Partners now owns 392,954 shares of the company’s stock worth $64,786,000 after buying an additional 159,827 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Grand Canyon Education by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company’s stock worth $47,185,000 after buying an additional 1,101 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $168.82 on Friday. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18. The stock has a market capitalization of $4.85 billion, a P/E ratio of 21.81, a PEG ratio of 1.42 and a beta of 0.78. The stock’s fifty day moving average is $175.06 and its 200 day moving average is $160.01.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The company had revenue of $292.57 million for the quarter, compared to analysts’ expectations of $289.62 million. Equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on LOPE. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. 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 research report on Friday, February 21st. Finally, Barrington Research raised their price target on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th.

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.