New Age Alpha Advisors LLC Takes $1.35 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

New Age Alpha Advisors LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,252 shares of the company's stock, valued at approximately $1,352,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Grand Canyon Education in the 4th quarter worth $27,000. True Wealth Design LLC purchased a new position in shares of Grand Canyon Education in the third quarter valued at about $31,000. Financial Life Planners bought a new position in shares of Grand Canyon Education in the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth about $59,000. Finally, Versant Capital Management Inc raised its stake in Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock valued at $69,000 after purchasing an additional 167 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Down 4.5 %

NASDAQ LOPE traded down $7.94 during trading on Friday, hitting $167.21. 347,606 shares of the stock traded hands, compared to its average volume of 175,590. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The firm has a 50-day simple moving average of $176.11 and a 200-day simple moving average of $162.22. The company has a market capitalization of $4.80 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results 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 firm had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. As a group, research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Finally, Barrington Research lifted their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a 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.