Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 152.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,877 shares of the company's stock after acquiring an additional 28,900 shares during the period. Barclays PLC owned about 0.16% of Grand Canyon Education worth $7,842,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Grand Canyon Education by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock valued at $692,000 after buying an additional 63 shares during the last quarter. DGS Capital Management LLC increased its position in shares of Grand Canyon Education by 1.5% in the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company's stock valued at $624,000 after acquiring an additional 67 shares during the period. Xponance Inc. raised its stake in shares of Grand Canyon Education by 2.1% during the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock valued at $759,000 after acquiring an additional 95 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Grand Canyon Education by 22.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after purchasing an additional 99 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Grand Canyon Education by 16.2% in the fourth quarter. GAMMA Investing LLC now owns 891 shares of the company's stock worth $146,000 after purchasing an additional 124 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on LOPE shares. BMO Capital Markets lifted their price target 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. Barrington Research reiterated an "outperform" rating and set a $205.00 target price on shares of Grand Canyon Education in a report on Tuesday, April 15th. Finally, StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock traded up $0.69 during trading on Friday, reaching $175.64. 216,655 shares of the stock traded hands, compared to its average volume of 179,300. Grand Canyon Education, Inc. has a 52-week low of $129.86 and a 52-week high of $192.18. The business has a fifty day simple moving average of $173.79 and a two-hundred day simple moving average of $165.95. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. The company 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%. On average, research analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal 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.