Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 52.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,985 shares of the company's stock after acquiring an additional 22,001 shares during the period. Russell Investments Group Ltd. owned approximately 0.22% of Grand Canyon Education worth $10,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education in the fourth quarter worth about $27,000. Financial Life Planners bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd purchased a new position in Grand Canyon Education in the fourth quarter worth $59,000. Versant Capital Management Inc grew its stake in shares of Grand Canyon Education by 66.0% during the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after acquiring an additional 167 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Grand Canyon Education by 22.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE traded down $2.32 during trading hours on Thursday, reaching $176.35. The stock had a trading volume of 31,342 shares, compared to its average volume of 179,028. 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 capitalization of $5.07 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.42 and a beta of 0.82. The firm's 50 day moving average is $175.09 and its 200-day moving average is $164.06.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on LOPE. Barrington Research restated an "outperform" rating and set a $205.00 price objective on shares of Grand Canyon Education in a research note on Tuesday. StockNews.com raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets lifted 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 note on Friday, February 21st.

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.