Invesco Ltd. Buys 39,136 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Invesco Ltd. lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 494,706 shares of the company's stock after buying an additional 39,136 shares during the period. Invesco Ltd. owned about 1.70% of Grand Canyon Education worth $81,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Counterpoint Mutual Funds LLC bought a new position in shares of Grand Canyon Education during the fourth quarter valued at about $421,000. Sanctuary Advisors LLC lifted its position in shares of Grand Canyon Education by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock worth $352,000 after buying an additional 209 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $255,000. Postrock Partners LLC purchased a new position in shares of Grand Canyon Education in the 4th quarter worth approximately $1,715,000. Finally, Franklin Resources Inc. grew its holdings in shares of Grand Canyon Education by 10.7% in the third quarter. Franklin Resources Inc. now owns 37,523 shares of the company's stock valued at $5,014,000 after acquiring an additional 3,630 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barrington Research restated an "outperform" rating and issued a $205.00 price objective on shares of Grand Canyon Education in a research note on Tuesday. BMO Capital Markets increased their price target 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. Finally, StockNews.com raised 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

Shares of NASDAQ LOPE traded down $4.23 during trading on Thursday, reaching $174.44. 116,678 shares of the stock traded hands, compared to its average volume of 179,479. The stock has a market capitalization of $5.01 billion, a P/E ratio of 22.54, a price-to-earnings-growth 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 company has a 50-day moving average of $175.09 and a 200-day moving average of $164.06.

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

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.