Raymond James Financial Inc. Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Raymond James Financial Inc. purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 62,648 shares of the company's stock, valued at approximately $10,262,000. Raymond James Financial Inc. owned 0.21% of Grand Canyon Education at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Grand Canyon Education by 12.0% during the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company's stock worth $187,725,000 after purchasing an additional 141,648 shares during the period. Wasatch Advisors LP lifted its position in Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock valued at $72,878,000 after buying an additional 68,579 shares in the last quarter. Weiss Asset Management LP acquired a new position in Grand Canyon Education during the third quarter valued at approximately $4,942,000. Erste Asset Management GmbH purchased a new stake in Grand Canyon Education during the third quarter worth approximately $4,833,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Grand Canyon Education in the third quarter worth $1,867,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Price Performance

LOPE traded down $1.14 on Tuesday, reaching $172.23. The company's stock had a trading volume of 261,857 shares, compared to its average volume of 167,299. The business's 50 day moving average is $175.31 and its 200 day moving average is $160.34. Grand Canyon Education, Inc. has a 1 year low of $126.17 and a 1 year high of $192.18. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78.

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Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to the consensus estimate 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 forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About Grand Canyon Education

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.