Counterpoint Mutual Funds LLC Makes New Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Counterpoint Mutual Funds LLC acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,568 shares of the company's stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Grand Canyon Education by 2.2% in the third quarter. Victory Capital Management Inc. now owns 10,075 shares of the company's stock valued at $1,429,000 after purchasing an additional 219 shares in the last quarter. KBC Group NV lifted its stake in Grand Canyon Education by 22.0% in the third quarter. KBC Group NV now owns 944 shares of the company's stock valued at $134,000 after buying an additional 170 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Grand Canyon Education by 4.4% in the third quarter. Empowered Funds LLC now owns 10,041 shares of the company's stock valued at $1,424,000 after acquiring an additional 421 shares during the period. Natixis Advisors LLC purchased a new position in shares of Grand Canyon Education during the third quarter worth approximately $1,440,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company's stock valued at $60,092,000 after acquiring an additional 19,577 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Grand Canyon Education Stock Down 0.8 %

NASDAQ:LOPE traded down $1.28 during midday trading on Friday, reaching $168.82. The stock had a trading volume of 548,583 shares, compared to its average volume of 166,911. The stock has a market cap of $4.85 billion, a P/E ratio of 21.81, a P/E/G ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The firm has a fifty day simple moving average of $174.90 and a two-hundred day simple moving average of $159.72.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results 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 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%. On average, sell-side analysts anticipate 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.