Covestor Ltd Acquires 160 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Covestor Ltd boosted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,138 shares of the company’s stock after purchasing an additional 160 shares during the quarter. Covestor Ltd’s holdings in Grand Canyon Education were worth $186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Grand Canyon Education during the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Grand Canyon Education during the fourth quarter worth approximately $32,000. Financial Life Planners bought a new stake in Grand Canyon Education in the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd acquired a new position in Grand Canyon Education in the 4th quarter valued at $59,000. Finally, Versant Capital Management Inc increased its position in Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after buying an additional 167 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Down 2.2 %

LOPE opened at $170.31 on Friday. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The company has a 50-day simple moving average of $175.48 and a 200 day simple moving average of $163.29.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $292.57 million for the quarter, compared to analyst estimates of $289.62 million. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LOPE has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Barrington Research lifted 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. Finally, StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

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.