Thoroughbred Financial Services LLC Purchases Shares of 1,317 Grand Canyon Education, Inc. (NASDAQ:LOPE)

Thoroughbred Financial Services LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,317 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education in the 4th quarter valued at approximately $27,000. Financial Life Planners bought a new stake in shares of Grand Canyon Education in the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd acquired a new position in Grand Canyon Education during the fourth quarter worth $59,000. Versant Capital Management Inc grew its position in Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after purchasing an additional 167 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Grand Canyon Education in the 3rd quarter valued at $86,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barrington Research increased their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets raised their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st.

Grand Canyon Education Price Performance

Shares of LOPE opened at $166.95 on Tuesday. The company has a market cap of $4.80 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The firm has a 50-day moving average of $176.03 and a 200-day moving average of $162.69. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. Analysts expect 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.