Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,346 shares of the company's stock after purchasing an additional 2,333 shares during the period. Martingale Asset Management L P owned 0.33% of Grand Canyon Education worth $15,781,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Grand Canyon Education by 14.3% in the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock valued at $247,870,000 after acquiring an additional 189,843 shares during the period. State Street Corp grew its stake in 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 purchasing an additional 8,159 shares during the last quarter. Invesco Ltd. raised its holdings in Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock worth $81,033,000 after purchasing an additional 39,136 shares in the last quarter. Boston Partners lifted its position in shares of Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock valued at $64,786,000 after buying an additional 159,827 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $57,838,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Down 0.3 %

Shares of NASDAQ:LOPE traded down $0.56 during midday trading on Monday, reaching $171.84. The company's stock had a trading volume of 33,463 shares, compared to its average volume of 178,194. The firm has a market capitalization of $4.94 billion, a PE ratio of 22.20, a P/E/G ratio of 1.42 and a beta of 0.82. The stock has a fifty day moving average of $175.34 and a 200 day moving average of $163.64. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. The business 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%. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LOPE. BMO Capital Markets increased their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, February 21st. 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. 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 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.