Teacher Retirement System of Texas Acquires 32,329 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Teacher Retirement System of Texas increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 177.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,553 shares of the company’s stock after purchasing an additional 32,329 shares during the quarter. Teacher Retirement System of Texas owned 0.17% of Grand Canyon Education worth $8,281,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education during the 4th quarter worth approximately $27,000. True Wealth Design LLC bought a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $31,000. Financial Life Planners bought a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $59,000. Finally, Versant Capital Management Inc grew its stake in shares of Grand Canyon Education by 66.0% during 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. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LOPE has been the subject of several research reports. 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 raised their price target on shares of 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 raised their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.

Grand Canyon Education Trading Down 0.8 %

NASDAQ LOPE opened at $168.82 on Friday. The company has a market cap of $4.85 billion, a PE ratio of 21.81, a PEG ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18. The stock has a 50 day moving average of $175.06 and a 200-day moving average of $160.01.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. As a group, sell-side analysts predict 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.