Diversified Trust Co Buys 79 Shares of Grand Canyon Education, Inc. $LOPE

Diversified Trust Co boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,372 shares of the company’s stock after acquiring an additional 79 shares during the quarter. Diversified Trust Co’s holdings in Grand Canyon Education were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOPE. ProShare Advisors LLC bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $220,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Grand Canyon Education by 14.6% in the fourth 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 buying an additional 14,624 shares during the period. 111 Capital bought a new stake in Grand Canyon Education in the fourth quarter valued at approximately $528,000. Kera Capital Partners Inc. raised its stake in Grand Canyon Education by 23.5% in the first quarter. Kera Capital Partners Inc. now owns 1,544 shares of the company’s stock valued at $267,000 after buying an additional 294 shares during the period. Finally, Versant Capital Management Inc raised its stake in Grand Canyon Education by 484.3% in the first quarter. Versant Capital Management Inc now owns 2,454 shares of the company’s stock valued at $425,000 after buying an additional 2,034 shares during the period. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Performance

LOPE opened at $211.17 on Thursday. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $214.14. The company has a market capitalization of $5.93 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.56 and a beta of 0.80. The stock has a fifty day moving average of $193.56 and a 200-day moving average of $185.69.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. During the same period last year, the firm earned $1.19 earnings per share. Grand Canyon Education’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LOPE shares. Barrington Research restated an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Tuesday. BMO Capital Markets dropped 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 research report on Monday, July 7th. Finally, 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. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Grand Canyon Education currently has an average rating of “Buy” and an average price target of $208.67.

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.