Fox Run Management L.L.C. Raises Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Fox Run Management L.L.C. grew its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 62.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,905 shares of the company’s stock after buying an additional 3,045 shares during the period. Fox Run Management L.L.C.’s holdings in Grand Canyon Education were worth $1,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Grand Canyon Education in the third quarter valued at approximately $1,867,000. Sanctuary Advisors LLC grew its holdings in shares of Grand Canyon Education by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock worth $352,000 after purchasing an additional 209 shares during the period. Icon Wealth Advisors LLC grew its holdings in shares of Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock worth $1,307,000 after purchasing an additional 4,901 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth about $421,000. Finally, QRG Capital Management Inc. purchased a new stake in Grand Canyon Education in the 4th quarter valued at about $255,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on LOPE shares. Barrington Research increased their target price 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. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $168.82 on Friday. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.42 and a beta of 0.78. The firm has a 50 day simple moving average of $175.06 and a 200-day simple moving average of $159.89. 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 issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating 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 company had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Equities analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Grand Canyon Education Company 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.