HighTower Advisors LLC Has $943,000 Stake in Grand Canyon Education, Inc. $LOPE

HighTower Advisors LLC lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 29.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,449 shares of the company’s stock after selling 2,278 shares during the period. HighTower Advisors LLC’s holdings in Grand Canyon Education were worth $943,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board acquired a new position in shares of Grand Canyon Education in the 1st quarter worth approximately $9,216,000. CCM Investment Group LLC acquired a new position in shares of Grand Canyon Education during the 1st quarter valued at $615,000. Nuveen LLC acquired a new position in shares of Grand Canyon Education during the 1st quarter valued at $20,906,000. Entropy Technologies LP lifted its position in shares of Grand Canyon Education by 87.7% during the 1st quarter. Entropy Technologies LP now owns 6,421 shares of the company’s stock valued at $1,111,000 after acquiring an additional 3,000 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in shares of Grand Canyon Education by 2.9% during the 1st quarter. Benjamin Edwards Inc. now owns 2,683 shares of the company’s stock valued at $464,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.2%

LOPE opened at $203.52 on Thursday. The company’s fifty day moving average price is $183.74 and its two-hundred day moving average price is $182.10. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $207.12. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.50 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The firm had revenue of $247.50 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LOPE has been the topic of a number of research reports. Barrington Research reiterated an “outperform” rating and set a $215.00 target price on shares of Grand Canyon Education in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets dropped their target price on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research report on Monday, July 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $203.67.

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.