Fmr LLC Boosts Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

FMR LLC increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,513,249 shares of the company's stock after purchasing an additional 189,843 shares during the period. FMR LLC owned approximately 5.19% of Grand Canyon Education worth $247,870,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LOPE. State Street Corp increased its position in shares of Grand Canyon Education by 0.9% during the 3rd quarter. State Street Corp now owns 883,971 shares of the company's stock valued at $125,391,000 after purchasing an additional 8,159 shares during the last quarter. Boston Partners boosted its stake in Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after buying an additional 159,827 shares during the period. Norges Bank purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at $57,838,000. Reinhart Partners LLC. raised its stake in shares of Grand Canyon Education by 1.6% in the fourth quarter. Reinhart Partners LLC. now owns 330,946 shares of the company's stock valued at $54,209,000 after acquiring an additional 5,339 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Grand Canyon Education by 5.7% in the 4th quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company's stock worth $27,388,000 after acquiring an additional 9,083 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Trading Down 1.6 %

Shares of Grand Canyon Education stock traded down $2.78 during trading on Thursday, hitting $175.89. 32,451 shares of the stock traded hands, compared to its average volume of 194,117. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18. The stock's fifty day simple moving average is $175.09 and its 200 day simple moving average is $164.06. The firm has a market cap of $5.05 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. The firm 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%. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price objective 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 upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Barrington Research reiterated an "outperform" rating and issued a $205.00 target price on shares of Grand Canyon Education in a research note on Tuesday.

Grand Canyon Education 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.