Grand Canyon Education, Inc. (NASDAQ:LOPE) Short Interest Update

Grand Canyon Education, Inc. (NASDAQ:LOPE - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 321,700 shares, a growth of 21.1% from the February 28th total of 265,700 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 170,800 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

LOPE has been the subject of a number of research reports. StockNews.com upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. BMO Capital Markets increased their price target 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 upped their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th.

Grand Canyon Education Stock Down 0.2 %

Grand Canyon Education stock traded down $0.26 during mid-day trading on Monday, hitting $166.95. 447,451 shares of the company were exchanged, compared to its average volume of 176,856. Grand Canyon Education has a 1-year low of $126.17 and a 1-year high of $192.18. The business has a fifty day moving average of $176.11 and a 200 day moving average of $162.51. The company has a market capitalization of $4.80 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.

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

Hedge Funds Weigh In On Grand Canyon Education

A number of hedge funds and other institutional investors have recently bought and sold shares of LOPE. Norges Bank bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at $57,838,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Grand Canyon Education in the fourth quarter worth about $38,066,000. GAMMA Investing LLC increased its holdings in shares of Grand Canyon Education by 22,988.8% in the first quarter. GAMMA Investing LLC now owns 205,721 shares of the company's stock worth $35,594,000 after acquiring an additional 204,830 shares in the last quarter. FMR LLC raised its position in shares of Grand Canyon Education by 14.3% during the fourth quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after purchasing an additional 189,843 shares during the period. Finally, Parsifal Capital Management LP bought a new position in shares of Grand Canyon Education during the 4th quarter valued at about $26,238,000. 94.17% of the stock is owned by institutional investors.

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.