Teacher Retirement System of Texas Has $8.28 Million Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Teacher Retirement System of Texas lifted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 177.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,553 shares of the company's stock after acquiring an additional 32,329 shares during the period. Teacher Retirement System of Texas owned 0.17% of Grand Canyon Education worth $8,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in LOPE. Victory Capital Management Inc. lifted its stake in Grand Canyon Education by 2.2% during the third quarter. Victory Capital Management Inc. now owns 10,075 shares of the company's stock valued at $1,429,000 after purchasing an additional 219 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of Grand Canyon Education during the third quarter valued at approximately $1,440,000. Charles Schwab Investment Management Inc. lifted its position in shares of Grand Canyon Education by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company's stock valued at $47,185,000 after acquiring an additional 1,101 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Grand Canyon Education by 5.9% in the 3rd quarter. Raymond James Trust N.A. now owns 1,983 shares of the company's stock worth $281,000 after purchasing an additional 111 shares during the period. Finally, Icon Wealth Advisors LLC grew its position in Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock worth $1,307,000 after purchasing an additional 4,901 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Barrington Research boosted their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets increased 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.

Grand Canyon Education Price Performance

LOPE traded up $5.11 on Thursday, hitting $178.18. The company had a trading volume of 214,784 shares, compared to its average volume of 168,326. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18. The company's fifty day moving average price is $175.52 and its 200 day moving average price is $160.67. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78.

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 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%. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

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.