Granite Investment Partners LLC Buys 1,942 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Granite Investment Partners LLC increased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,397 shares of the company's stock after purchasing an additional 1,942 shares during the quarter. Granite Investment Partners LLC owned approximately 0.09% of Grand Canyon Education worth $4,324,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education during the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Grand Canyon Education during the 4th quarter worth about $32,000. Financial Life Planners purchased a new position in Grand Canyon Education during the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education during the fourth quarter valued at about $59,000. Finally, Versant Capital Management Inc boosted its position in shares of Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company's stock valued at $69,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

LOPE has been the topic of several research analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $205.00 price target on shares of Grand Canyon Education in a report on Tuesday. BMO Capital Markets upped 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. Finally, StockNews.com upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

Grand Canyon Education Price Performance

NASDAQ:LOPE traded down $4.35 during mid-day trading on Friday, hitting $174.32. 182,086 shares of the company's stock were exchanged, compared to its average volume of 179,804. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18. The company has a market cap of $5.01 billion, a PE ratio of 22.52, a P/E/G ratio of 1.42 and a beta of 0.82. The business has a fifty day moving average price of $174.79 and a 200 day moving average price of $164.50.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.02. The firm had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

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.