Arrowstreet Capital Limited Partnership Raises Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Arrowstreet Capital Limited Partnership raised its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 102.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,194 shares of the company’s stock after acquiring an additional 57,325 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.39% of Grand Canyon Education worth $18,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LOPE. Pictet Asset Management Holding SA boosted its position in shares of Grand Canyon Education by 16.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,856 shares of the company’s stock valued at $795,000 after purchasing an additional 673 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at $1,352,000. Norges Bank purchased a new stake in shares of Grand Canyon Education in the 4th quarter worth about $57,838,000. Blair William & Co. IL bought a new position in shares of Grand Canyon Education in the 4th quarter worth about $364,000. Finally, JPMorgan Chase & Co. lifted its position in Grand Canyon Education by 5.7% during the 4th quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company’s stock valued at $27,388,000 after acquiring an additional 9,083 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $167.21 on Friday. The company has a market cap of $4.80 billion, a PE ratio of 21.60, a P/E/G ratio of 1.42 and a beta of 0.82. The firm’s 50 day moving average price is $176.11 and its 200-day moving average price is $162.22. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.93 by $0.02. The business had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, 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 equities analysts have weighed in on LOPE shares. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Barrington Research lifted their price objective on Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets boosted their target price on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

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.