Grand Canyon Education, Inc. $LOPE Shares Acquired by Signaturefd LLC

Signaturefd LLC grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 949 shares of the company’s stock after purchasing an additional 85 shares during the quarter. Signaturefd LLC’s holdings in Grand Canyon Education were worth $179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its position in Grand Canyon Education by 2.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,009 shares of the company’s stock worth $552,000 after acquiring an additional 59 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in Grand Canyon Education by 5.0% during the first quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company’s stock worth $234,000 after acquiring an additional 65 shares during the last quarter. Diversified Trust Co boosted its position in Grand Canyon Education by 5.4% during the first quarter. Diversified Trust Co now owns 1,293 shares of the company’s stock worth $224,000 after acquiring an additional 66 shares during the last quarter. Synovus Financial Corp boosted its position in Grand Canyon Education by 2.8% during the first quarter. Synovus Financial Corp now owns 2,476 shares of the company’s stock worth $428,000 after acquiring an additional 68 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Grand Canyon Education by 2.9% during the first quarter. Benjamin Edwards Inc. now owns 2,683 shares of the company’s stock worth $464,000 after acquiring an additional 75 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LOPE shares. BMO Capital Markets lowered their price target 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. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grand Canyon Education in a research note on Saturday, September 27th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $208.67.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $217.24 on Friday. The company has a market cap of $6.10 billion, a P/E ratio of 26.30, a PEG ratio of 1.61 and a beta of 0.76. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $220.79. The firm has a fifty day moving average of $200.22 and a two-hundred day moving average of $188.08.

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

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.