111 Capital Purchases 702 Shares of Grand Canyon Education, Inc. $LOPE

111 Capital lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 43.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,328 shares of the company’s stock after buying an additional 702 shares during the quarter. 111 Capital’s holdings in Grand Canyon Education were worth $440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC bought a new position in shares of Grand Canyon Education in the first quarter valued at $232,000. Convergence Financial LLC bought a new position in Grand Canyon Education during the first quarter worth $249,000. Bessemer Group Inc. boosted its position in Grand Canyon Education by 244.2% during the first quarter. Bessemer Group Inc. now owns 716 shares of the company’s stock worth $124,000 after purchasing an additional 508 shares during the period. Informed Momentum Co LLC bought a new position in Grand Canyon Education during the first quarter worth $3,721,000. Finally, Voya Investment Management LLC boosted its position in Grand Canyon Education by 25.0% during the first quarter. Voya Investment Management LLC now owns 59,459 shares of the company’s stock worth $10,288,000 after purchasing an additional 11,908 shares during the period. 94.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grand Canyon Education in a research report on Saturday, September 27th. BMO Capital Markets reduced their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, July 7th. Finally, Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $208.67.

Grand Canyon Education Stock Down 0.5%

Grand Canyon Education stock opened at $217.24 on Monday. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $220.79. The business’s 50-day moving average price is $200.22 and its two-hundred day moving average price is $188.33. The stock has a market cap of $6.10 billion, a PE ratio of 26.30, a P/E/G ratio of 1.60 and a beta of 0.76.

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

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.