KLP Kapitalforvaltning AS Acquires New Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

KLP Kapitalforvaltning AS acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,900 shares of the company's stock, valued at approximately $2,768,000. KLP Kapitalforvaltning AS owned about 0.06% of Grand Canyon Education at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $421,000. Sanctuary Advisors LLC grew its holdings in Grand Canyon Education by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company's stock worth $352,000 after purchasing an additional 209 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Grand Canyon Education during the fourth quarter worth $255,000. Postrock Partners LLC acquired a new stake in shares of Grand Canyon Education in the 4th quarter worth $1,715,000. Finally, Franklin Resources Inc. raised its stake in 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 buying an additional 3,630 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barrington Research boosted their price target on Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. BMO Capital Markets upped 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 note on Friday, February 21st. Finally, StockNews.com upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.

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Grand Canyon Education Trading Down 1.8 %

Shares of LOPE stock traded down $3.24 during trading hours on Friday, hitting $174.94. The company's stock had a trading volume of 273,894 shares, compared to its average volume of 173,140. The stock has a market cap of $5.03 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. The company has a 50 day moving average of $175.76 and a 200 day moving average of $161.37. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $289.62 million. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Grand Canyon Education 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.