Wealthfront Advisers LLC Buys Shares of 8,042 Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wealthfront Advisers LLC purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,042 shares of the company's stock, valued at approximately $1,317,000.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in 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. State Street Corp boosted its stake in Grand Canyon Education by 0.9% during the 3rd quarter. State Street Corp now owns 883,971 shares of the company's stock worth $125,391,000 after purchasing an additional 8,159 shares during the period. Wasatch Advisors LP boosted its stake in Grand Canyon Education by 15.4% during the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock worth $72,878,000 after purchasing an additional 68,579 shares during the period. Thrivent Financial for Lutherans boosted its stake in Grand Canyon Education by 4.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company's stock worth $60,092,000 after purchasing an additional 19,577 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Grand Canyon Education by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company's stock worth $47,185,000 after purchasing an additional 1,101 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

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Grand Canyon Education Stock Up 1.9 %

Shares of NASDAQ LOPE traded up $3.23 during midday trading on Wednesday, hitting $170.48. The company had a trading volume of 159,892 shares, compared to its average volume of 165,201. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The business has a 50-day simple moving average of $174.64 and a two-hundred day simple moving average of $159.57. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $292.57 million during the quarter, compared to analysts' expectations of $289.62 million. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

LOPE has been the subject of a number of recent research reports. StockNews.com upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. BMO Capital Markets raised 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. Finally, Barrington Research raised their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a research note 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.