Parsifal Capital Management LP Takes $26.24 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Parsifal Capital Management LP purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 160,186 shares of the company’s stock, valued at approximately $26,238,000. Grand Canyon Education accounts for about 2.2% of Parsifal Capital Management LP’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Grand Canyon Education by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock worth $692,000 after buying an additional 63 shares during the period. Barclays PLC grew its stake in shares of Grand Canyon Education by 0.4% in the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after acquiring an additional 84 shares in the last quarter. NDVR Inc. grew its stake in shares of Grand Canyon Education by 5.1% in the fourth quarter. NDVR Inc. now owns 1,878 shares of the company’s stock valued at $308,000 after acquiring an additional 91 shares in the last quarter. Xponance Inc. increased its position in Grand Canyon Education by 2.1% during the fourth quarter. Xponance Inc. now owns 4,634 shares of the company’s stock worth $759,000 after acquiring an additional 95 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Grand Canyon Education by 22.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock worth $88,000 after acquiring an additional 99 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

LOPE opened at $195.09 on Wednesday. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $202.28. The firm has a market cap of $5.54 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80. The business’s fifty day moving average is $175.45 and its 200-day moving average is $170.43.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $289.31 million during the quarter, compared to analysts’ expectations of $287.18 million. During the same quarter in the prior year, the business posted $2.35 earnings per share. Grand Canyon Education’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LOPE has been the subject of a number of recent research reports. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Barrington Research lifted their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets boosted 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 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.