Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Xponance Inc.

Xponance Inc. lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,634 shares of the company’s stock after acquiring an additional 95 shares during the period. Xponance Inc.’s holdings in Grand Canyon Education were worth $759,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LOPE. Wealth Enhancement Advisory Services LLC raised its position in Grand Canyon Education by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock valued at $692,000 after purchasing an additional 63 shares during the period. DGS Capital Management LLC raised its holdings in shares of Grand Canyon Education by 1.5% during the 3rd quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after buying an additional 67 shares during the period. Barclays PLC lifted its position in Grand Canyon Education by 0.4% during the 3rd quarter. Barclays PLC now owns 18,977 shares of the company’s stock worth $2,692,000 after acquiring an additional 84 shares in the last quarter. MML Investors Services LLC boosted its holdings in Grand Canyon Education by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after acquiring an additional 91 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Grand Canyon Education by 22.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock valued at $88,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on LOPE shares. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Barrington Research raised their target price on Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

Grand Canyon Education Price Performance

LOPE opened at $173.37 on Tuesday. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The stock has a market capitalization of $4.98 billion, a PE ratio of 22.40, a P/E/G ratio of 1.42 and a beta of 0.78. The firm’s fifty day moving average price is $175.31 and its 200 day moving average price is $160.34.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million for the quarter, compared to analyst estimates 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 forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.