JPMorgan Chase & Co. Purchases 9,083 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

JPMorgan Chase & Co. boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,206 shares of the company's stock after purchasing an additional 9,083 shares during the period. JPMorgan Chase & Co. owned about 0.57% of Grand Canyon Education worth $27,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Grand Canyon Education by 0.9% in the third quarter. State Street Corp now owns 883,971 shares of the company's stock valued at $125,391,000 after acquiring an additional 8,159 shares during the last quarter. Boston Partners raised its stake in shares of Grand Canyon Education by 68.6% during the 4th quarter. Boston Partners now owns 392,954 shares of the company's stock worth $64,786,000 after purchasing an additional 159,827 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Grand Canyon Education by 1.6% in the 4th quarter. Reinhart Partners LLC. now owns 330,946 shares of the company's stock valued at $54,209,000 after buying an additional 5,339 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Grand Canyon Education in the fourth quarter valued at $10,262,000. Finally, Teacher Retirement System of Texas increased its holdings in Grand Canyon Education by 177.4% during the fourth quarter. Teacher Retirement System of Texas now owns 50,553 shares of the company's stock worth $8,281,000 after buying an additional 32,329 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

Shares of LOPE stock traded up $2.09 during midday trading on Friday, hitting $172.40. 202,672 shares of the company were exchanged, compared to its average volume of 178,761. The firm has a market capitalization of $4.95 billion, a P/E ratio of 22.27, a PEG ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18. The firm's 50 day moving average price is $175.34 and its two-hundred day moving average price is $163.64.

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, topping analysts' consensus estimates of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to analysts' expectations of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company 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 raised their price objective on 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 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.