8,604 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,604 shares of the company's stock, valued at approximately $1,409,000.

Several other large investors have also recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in shares of Grand Canyon Education by 2.3% in the third quarter. Janus Henderson Group PLC now owns 14,627 shares of the company's stock worth $2,074,000 after acquiring an additional 323 shares during the period. State Street Corp raised its stake in shares of Grand Canyon Education by 0.9% in the third quarter. State Street Corp now owns 883,971 shares of the company's stock worth $125,391,000 after buying an additional 8,159 shares during the period. Wolverine Trading LLC lifted its holdings in Grand Canyon Education by 16.9% during the third quarter. Wolverine Trading LLC now owns 4,608 shares of the company's stock valued at $656,000 after purchasing an additional 666 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Grand Canyon Education by 4.3% in the third quarter. Wellington Management Group LLP now owns 27,137 shares of the company's stock worth $3,849,000 after acquiring an additional 1,110 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company's stock worth $814,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Up 1.1 %

Shares of NASDAQ LOPE traded up $1.92 during mid-day trading on Tuesday, reaching $176.03. 23,739 shares of the company were exchanged, compared to its average volume of 178,013. The firm has a 50-day moving average of $175.21 and a 200 day moving average of $163.86. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $192.18. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 22.76, 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million for 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%. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Finally, Barrington Research reiterated an "outperform" rating and issued a $205.00 price target on shares of Grand Canyon Education in a report on Tuesday.

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.