GAMMA Investing LLC Grows Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

GAMMA Investing LLC increased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 33.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,189 shares of the company’s stock after buying an additional 298 shares during the period. GAMMA Investing LLC’s holdings in Grand Canyon Education were worth $206,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LOPE. FMR LLC boosted its holdings in Grand Canyon Education by 14.3% in the 4th quarter. FMR LLC now owns 1,513,249 shares of the company’s stock valued at $247,870,000 after purchasing an additional 189,843 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Grand Canyon Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company’s stock worth $144,982,000 after buying an additional 14,667 shares during the period. Invesco Ltd. grew its holdings in Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company’s stock worth $81,033,000 after purchasing an additional 39,136 shares during the period. Boston Partners grew its position in Grand Canyon Education by 68.6% during the 4th quarter. Boston Partners now owns 392,954 shares of the company’s stock valued at $64,786,000 after purchasing an additional 159,827 shares during the last quarter. Finally, Reinhart Partners LLC. increased its holdings in Grand Canyon Education by 10.7% in the 1st quarter. Reinhart Partners LLC. now owns 366,392 shares of the company’s stock worth $63,393,000 after buying an additional 35,446 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Price Performance

Grand Canyon Education stock opened at $183.53 on Friday. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The stock’s fifty day moving average is $189.72 and its two-hundred day moving average is $178.14. The stock has a market cap of $5.21 billion, a PE ratio of 23.03, a P/E/G ratio of 1.39 and a beta of 0.77.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The company had revenue of $289.31 million during the quarter, compared to analysts’ expectations of $287.18 million. During the same period last year, the company posted $2.35 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on LOPE. Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Barrington Research increased their target price on Grand Canyon Education from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, BMO Capital Markets upped their price target on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd.

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.