Nicholas Investment Partners LP acquired a new stake in shares of Grand Canyon Education Inc (NASDAQ:LOPE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,565 shares of the company’s stock, valued at approximately $7,303,000. Nicholas Investment Partners LP owned approximately 0.17% of Grand Canyon Education as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of LOPE. Koch Industries Inc. bought a new stake in Grand Canyon Education in the fourth quarter worth about $224,000. ETRADE Capital Management LLC bought a new stake in shares of Grand Canyon Education during the third quarter valued at approximately $231,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Grand Canyon Education by 46.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock valued at $239,000 after buying an additional 846 shares during the period. Atria Investments LLC purchased a new position in Grand Canyon Education during the fourth quarter valued at approximately $261,000. Finally, Polen Capital Management LLC purchased a new position in Grand Canyon Education during the fourth quarter valued at approximately $274,000. Hedge funds and other institutional investors own 96.34% of the company’s stock.
Grand Canyon Education Inc (NASDAQ LOPE) traded down $0.65 on Wednesday, hitting $106.29. 326,029 shares of the company traded hands, compared to its average volume of 287,068. Grand Canyon Education Inc has a 52-week low of $66.26 and a 52-week high of $109.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $5,130.00, a P/E ratio of 26.64, a PEG ratio of 1.77 and a beta of 1.26.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.09. Grand Canyon Education had a net margin of 20.87% and a return on equity of 21.20%. The company had revenue of $271.42 million during the quarter, compared to analysts’ expectations of $268.42 million. During the same quarter in the prior year, the company earned $1.01 EPS. Grand Canyon Education’s revenue was up 10.9% compared to the same quarter last year. sell-side analysts expect that Grand Canyon Education Inc will post 4.7 earnings per share for the current year.
Several equities analysts have issued reports on LOPE shares. BidaskClub raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Barrington Research reissued a “buy” rating and set a $115.00 price objective on shares of Grand Canyon Education in a report on Tuesday, March 6th. Robert W. Baird restated an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of Grand Canyon Education in a research report on Thursday, February 22nd. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Friday, December 15th. Finally, Piper Jaffray Companies upped their price objective on shares of Grand Canyon Education to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Grand Canyon Education has an average rating of “Buy” and a consensus price target of $109.60.
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Grand Canyon Education Profile
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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