LPL Financial LLC Acquires 4,544 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

LPL Financial LLC boosted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 87.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,756 shares of the company's stock after acquiring an additional 4,544 shares during the period. LPL Financial LLC's holdings in Grand Canyon Education were worth $1,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Grand Canyon Education by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock valued at $692,000 after acquiring an additional 63 shares in the last quarter. DGS Capital Management LLC boosted its stake in shares of Grand Canyon Education by 1.5% during the 3rd quarter. DGS Capital Management LLC now owns 4,399 shares of the company's stock valued at $624,000 after purchasing an additional 67 shares in the last quarter. Barclays PLC increased its position in shares of Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company's stock valued at $2,692,000 after buying an additional 84 shares during the period. MML Investors Services LLC raised its stake in Grand Canyon Education by 1.6% in the third quarter. MML Investors Services LLC now owns 5,740 shares of the company's stock worth $814,000 after buying an additional 91 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in Grand Canyon Education by 2.1% in the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock worth $759,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Trading Up 3.1 %

NASDAQ:LOPE traded up $5.14 during trading hours on Tuesday, reaching $173.36. 206,541 shares of the company traded hands, compared to its average volume of 179,930. The business's 50-day moving average price is $174.32 and its two-hundred day moving average price is $165.11. Grand Canyon Education, Inc. has a 1 year low of $127.65 and a 1 year high of $192.18. The stock has a market capitalization of $4.98 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.42 and a beta of 0.82.

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%. As a group, equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Upgrades and Downgrades

LOPE has been the topic of a number of research analyst reports. StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. BMO Capital Markets upped their price target on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Finally, Barrington Research reissued an "outperform" rating and set a $205.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, April 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.