Grand Canyon Education, Inc. (NASDAQ:LOPE) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 158,123 shares of the company's stock after purchasing an additional 6,041 shares during the period. JPMorgan Chase & Co. owned 0.54% of Grand Canyon Education worth $22,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC increased its holdings in Grand Canyon Education by 47.7% in the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company's stock valued at $74,452,000 after buying an additional 173,800 shares during the last quarter. FMR LLC increased its holdings in shares of Grand Canyon Education by 12.0% in the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company's stock valued at $187,725,000 after acquiring an additional 141,648 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Grand Canyon Education by 41.0% during the 2nd quarter. Renaissance Technologies LLC now owns 285,057 shares of the company's stock valued at $39,882,000 after acquiring an additional 82,855 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Grand Canyon Education by 15.4% during the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock valued at $72,878,000 after acquiring an additional 68,579 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Grand Canyon Education by 1,481.8% during the second quarter. Cubist Systematic Strategies LLC now owns 64,821 shares of the company's stock worth $9,069,000 after purchasing an additional 60,723 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now owns 21,174 shares of the company's stock, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Grand Canyon Education Stock Up 1.3 %

NASDAQ LOPE traded up $2.04 on Thursday, hitting $163.73. The stock had a trading volume of 171,445 shares, compared to its average volume of 131,289. The company's 50-day moving average is $163.32 and its two-hundred day moving average is $149.22. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $173.37. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.38 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. During the same period in the prior year, the company posted $1.26 EPS. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOPE. Robert W. Baird increased their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Barrington Research increased their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets raised their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, StockNews.com lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th.

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.