Bryce Point Capital LLC Invests $533,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Bryce Point Capital LLC bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,252 shares of the company's stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOPE. Norges Bank acquired a new position in Grand Canyon Education in the fourth quarter worth approximately $57,838,000. Boston Partners grew its position in 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Grand Canyon Education during the 4th quarter worth $10,262,000. 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 valued at $18,541,000 after purchasing an additional 57,325 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Grand Canyon Education in the 3rd quarter valued at $4,942,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Trading Up 7.2 %

LOPE traded up $11.70 during trading on Wednesday, hitting $174.07. The stock had a trading volume of 257,345 shares, compared to its average volume of 177,665. The firm 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 company has a 50 day simple moving average of $175.61 and a 200-day simple moving average of $163.11.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate 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 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 fiscal year.

Analysts Set New Price Targets

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

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.