XTX Topco Ltd Purchases Shares of 5,912 Grand Canyon Education, Inc. (NASDAQ:LOPE)

XTX Topco Ltd bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,912 shares of the company's stock, valued at approximately $968,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Grand Canyon Education during the 4th quarter valued at $57,838,000. FMR LLC raised its stake in shares of Grand Canyon Education by 14.3% during the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after buying an additional 189,843 shares during the period. Boston Partners boosted its stake in shares of Grand Canyon Education by 68.6% in the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after acquiring an additional 159,827 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $10,262,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Grand Canyon Education by 102.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,194 shares of the company's stock worth $18,541,000 after acquiring an additional 57,325 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOPE has been the subject of a number of recent research reports. Barrington Research reiterated an "outperform" rating and issued a $205.00 price target on shares of Grand Canyon Education in a research note on Tuesday, April 15th. StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets upped their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, February 21st.

Grand Canyon Education Price Performance

Grand Canyon Education stock traded down $5.55 during trading hours on Monday, hitting $168.77. The stock had a trading volume of 65,356 shares, compared to its average volume of 179,206. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18. The stock's fifty day moving average is $174.79 and its two-hundred day moving average is $164.85.

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