Summit Global Investments Grows Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Summit Global Investments lifted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 125.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,979 shares of the company's stock after acquiring an additional 3,882 shares during the quarter. Summit Global Investments' holdings in Grand Canyon Education were worth $1,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Magnetar Financial LLC bought a new position in Grand Canyon Education in the 4th quarter worth about $222,000. Teacher Retirement System of Texas boosted its position in shares of Grand Canyon Education by 177.4% during the 4th quarter. Teacher Retirement System of Texas now owns 50,553 shares of the company's stock valued at $8,281,000 after acquiring an additional 32,329 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Grand Canyon Education during the fourth quarter worth about $59,000. Xponance Inc. increased its position in shares of Grand Canyon Education by 2.1% in the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock worth $759,000 after purchasing an additional 95 shares during the last quarter. Finally, Boston Partners raised its stake in Grand Canyon Education by 68.6% in the fourth quarter. Boston Partners now owns 392,954 shares of the company's stock valued at $64,786,000 after purchasing an additional 159,827 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on LOPE shares. Barrington Research increased their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. BMO Capital Markets lifted their price target on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

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Grand Canyon Education Stock Performance

Shares of LOPE stock traded up $5.11 on Thursday, hitting $178.18. 214,784 shares of the company's stock traded hands, compared to its average volume of 168,326. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.42 and a beta of 0.78. The company's fifty day simple moving average is $175.52 and its 200 day simple moving average is $160.67. Grand Canyon Education, Inc. has a one year low of $126.17 and a one year high of $192.18.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $289.62 million. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.