Arrowstreet Capital Limited Partnership Boosts Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Arrowstreet Capital Limited Partnership increased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 102.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,194 shares of the company's stock after purchasing an additional 57,325 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.39% of Grand Canyon Education worth $18,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LOPE. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Grand Canyon Education during the fourth quarter valued at $27,000. Financial Life Planners bought a new position in shares of Grand Canyon Education in the 4th quarter worth about $37,000. Harvest Fund Management Co. Ltd purchased a new position in Grand Canyon Education during the 4th quarter valued at about $59,000. Versant Capital Management Inc boosted its stake in Grand Canyon Education by 66.0% during the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after acquiring an additional 167 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Grand Canyon Education during the third quarter worth about $86,000. 94.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, February 21st. StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Barrington Research increased their target price on Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th.

Grand Canyon Education Trading Up 7.2 %

LOPE stock traded up $11.70 during midday trading on Wednesday, hitting $174.07. The company's stock had a trading volume of 257,345 shares, compared to its average volume of 177,665. The company has a market cap of $5.00 billion, a PE ratio of 22.49, a P/E/G ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18. The firm's 50-day moving average is $175.61 and its 200-day moving average is $163.11.

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, beating analysts' consensus estimates of $2.93 by $0.02. The company had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

About Grand Canyon Education

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.