MetLife Investment Management LLC Acquires 1,171 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

MetLife Investment Management LLC grew its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,617 shares of the company’s stock after purchasing an additional 1,171 shares during the period. MetLife Investment Management LLC owned about 0.06% of Grand Canyon Education worth $2,722,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GeoWealth Management LLC bought a new stake in Grand Canyon Education during the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Grand Canyon Education in the 4th quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at about $32,000. Financial Life Planners bought a new position in shares of Grand Canyon Education during the fourth quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Grand Canyon Education during the fourth quarter valued at about $59,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on LOPE. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Barrington Research reaffirmed an “outperform” rating and set a $205.00 price target on shares of Grand Canyon Education in a research report on Tuesday, April 15th. Finally, StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday.

Grand Canyon Education Stock Up 0.4 %

LOPE opened at $175.64 on Monday. The company’s 50-day moving average price is $173.79 and its two-hundred day moving average price is $166.18. Grand Canyon Education, Inc. has a twelve month low of $129.86 and a twelve month high of $192.18. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.42 and a beta of 0.82.

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