Hillsdale Investment Management Inc. Takes Position in Grand Canyon Education, Inc. $LOPE

Hillsdale Investment Management Inc. purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,100 shares of the company’s stock, valued at approximately $3,315,000. Hillsdale Investment Management Inc. owned approximately 0.05% of Grand Canyon Education as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LOPE. NDVR Inc. increased its position in Grand Canyon Education by 2.9% during the 2nd quarter. NDVR Inc. now owns 1,837 shares of the company’s stock worth $347,000 after purchasing an additional 52 shares during the period. True Wealth Design LLC grew its holdings in Grand Canyon Education by 46.0% during the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after acquiring an additional 64 shares during the period. Geneos Wealth Management Inc. grew its holdings in Grand Canyon Education by 6.7% during the third quarter. Geneos Wealth Management Inc. now owns 1,019 shares of the company’s stock worth $224,000 after acquiring an additional 64 shares during the period. Cetera Investment Advisers raised its position in Grand Canyon Education by 0.4% in the second quarter. Cetera Investment Advisers now owns 16,281 shares of the company’s stock worth $3,077,000 after acquiring an additional 65 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Grand Canyon Education by 16.5% in the third quarter. Exchange Traded Concepts LLC now owns 515 shares of the company’s stock valued at $113,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 1.8%

Grand Canyon Education stock opened at $157.32 on Monday. Grand Canyon Education, Inc. has a 52 week low of $149.37 and a 52 week high of $223.04. The firm’s 50-day simple moving average is $169.52 and its 200 day simple moving average is $184.60. The firm has a market capitalization of $4.27 billion, a PE ratio of 20.38, a P/E/G ratio of 1.04 and a beta of 0.74.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.02. The firm had revenue of $308.12 million during the quarter, compared to the consensus estimate of $307.92 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $2.95 EPS. On average, research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analysts Set New Price Targets

LOPE has been the topic of a number of recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a research note on Thursday. Weiss Ratings downgraded shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Grand Canyon Education presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Grand Canyon Education 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.