VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 16,028 Grand Canyon Education, Inc. $LOPE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,028 shares of the company’s stock, valued at approximately $3,029,000.

Other hedge funds and other institutional investors also recently 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 about $232,000. Convergence Financial LLC bought a new position in shares of Grand Canyon Education in the first quarter valued at about $249,000. Bessemer Group Inc. raised its holdings in shares of Grand Canyon Education by 244.2% in the first quarter. Bessemer Group Inc. now owns 716 shares of the company’s stock valued at $124,000 after buying an additional 508 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Grand Canyon Education by 25.0% in the first quarter. Voya Investment Management LLC now owns 59,459 shares of the company’s stock valued at $10,288,000 after buying an additional 11,908 shares during the last quarter. Finally, Informed Momentum Co LLC bought a new position in shares of Grand Canyon Education in the first quarter valued at about $3,721,000. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of Grand Canyon Education in a research report on Tuesday, October 14th. Barrington Research reiterated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, September 23rd. Zacks Research lowered Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets lowered their price objective on 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Grand Canyon Education currently has an average rating of “Moderate Buy” and an average price target of $208.67.

Grand Canyon Education Stock Up 0.5%

Shares of LOPE stock opened at $212.64 on Tuesday. The stock has a 50-day moving average price of $207.67 and a 200 day moving average price of $191.14. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.56 and a beta of 0.76. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $220.79.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.16. The company had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 EPS. Sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share 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.