Grand Canyon Education, Inc. (NASDAQ:LOPE) Position Increased by Xponance Inc.

Xponance Inc. lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,634 shares of the company’s stock after buying an additional 95 shares during the quarter. Xponance Inc.’s holdings in Grand Canyon Education were worth $759,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of LOPE. Counterpoint Mutual Funds LLC bought a new position in Grand Canyon Education in the fourth quarter worth about $421,000. Sanctuary Advisors LLC lifted its holdings in shares of Grand Canyon Education by 9.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock worth $352,000 after purchasing an additional 209 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Grand Canyon Education during the 4th quarter valued at approximately $255,000. Postrock Partners LLC bought a new position in Grand Canyon Education during the 4th quarter worth $1,715,000. Finally, Franklin Resources Inc. increased its position in Grand Canyon Education by 10.7% in the third quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock worth $5,014,000 after buying an additional 3,630 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Stock Up 2.7 %

LOPE stock opened at $173.37 on Tuesday. The company has a 50-day simple moving average of $175.31 and a 200 day simple moving average of $160.34. The company has a market capitalization of $4.98 billion, a P/E ratio of 22.40, a PEG ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a fifty-two week low of $126.17 and a fifty-two week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

LOPE has been the subject of several recent research reports. StockNews.com upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. BMO Capital Markets raised their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company 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 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.