Strs Ohio Makes New $1.73 Million Investment in Grand Canyon Education, Inc. $LOPE

Strs Ohio bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,993 shares of the company’s stock, valued at approximately $1,729,000.

A number of other hedge funds have also recently modified their holdings of LOPE. Man Group plc raised its stake in shares of Grand Canyon Education by 29.4% during the 4th quarter. Man Group plc now owns 33,295 shares of the company’s stock worth $5,454,000 after buying an additional 7,565 shares during the period. ProShare Advisors LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at about $220,000. Voloridge Investment Management LLC purchased a new position in Grand Canyon Education during the fourth quarter worth about $7,713,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Grand Canyon Education by 14.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,793 shares of the company’s stock valued at $18,803,000 after purchasing an additional 14,624 shares during the last quarter. Finally, CSS LLC IL grew its stake in shares of Grand Canyon Education by 31.3% in the 4th quarter. CSS LLC IL now owns 2,814 shares of the company’s stock valued at $461,000 after buying an additional 670 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $207.80 on Wednesday. The business has a 50-day moving average of $189.00 and a two-hundred day moving average of $184.35. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $211.31.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LOPE. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Barrington Research reiterated an “outperform” rating and set a $215.00 price target on shares of Grand Canyon Education in a report on Thursday, August 7th. Finally, BMO Capital Markets reduced their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a report on Monday, July 7th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grand Canyon Education currently has a consensus rating of “Buy” and an average target price of $203.67.

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.