Caprock Group LLC Buys Shares of 4,997 Grand Canyon Education, Inc. $LOPE

Caprock Group LLC purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,997 shares of the company’s stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. grew its position in shares of Grand Canyon Education by 7.6% during the 3rd quarter. Principal Financial Group Inc. now owns 101,278 shares of the company’s stock valued at $22,233,000 after buying an additional 7,167 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in Grand Canyon Education by 3.0% in the third quarter. Van Berkom & Associates Inc. now owns 523,305 shares of the company’s stock valued at $114,876,000 after acquiring an additional 15,235 shares during the period. Summit Global Investments grew its holdings in shares of Grand Canyon Education by 39.6% during the second quarter. Summit Global Investments now owns 12,190 shares of the company’s stock valued at $2,304,000 after purchasing an additional 3,460 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Grand Canyon Education by 3.3% during the third quarter. Allianz Asset Management GmbH now owns 405,506 shares of the company’s stock valued at $89,017,000 after purchasing an additional 12,834 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV acquired a new stake in shares of Grand Canyon Education during the 3rd quarter worth approximately $2,030,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $161.09 on Monday. Grand Canyon Education, Inc. has a 1 year low of $149.83 and a 1 year high of $223.04. The firm has a market capitalization of $4.51 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74. The stock has a fifty day moving average of $169.00 and a two-hundred day moving average of $184.92.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LOPE shares. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Barrington Research reissued an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, January 22nd. Finally, Weiss Ratings lowered shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Grand Canyon Education has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.