Invesco Ltd. Increases Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Invesco Ltd. boosted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 494,706 shares of the company’s stock after buying an additional 39,136 shares during the quarter. Invesco Ltd. owned approximately 1.70% of Grand Canyon Education worth $81,033,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bank of Montreal Can increased its holdings in shares of Grand Canyon Education by 1.9% in the 4th quarter. Bank of Montreal Can now owns 16,903 shares of the company’s stock valued at $2,769,000 after acquiring an additional 314 shares during the period. Cerity Partners LLC grew its stake in Grand Canyon Education by 4.4% in the fourth quarter. Cerity Partners LLC now owns 21,920 shares of the company’s stock valued at $3,316,000 after purchasing an additional 925 shares during the last quarter. FMR LLC raised its holdings in Grand Canyon Education by 14.3% in the fourth quarter. FMR LLC now owns 1,513,249 shares of the company’s stock worth $247,870,000 after purchasing an additional 189,843 shares in the last quarter. Aristides Capital LLC lifted its position in shares of Grand Canyon Education by 31.8% during the fourth quarter. Aristides Capital LLC now owns 1,988 shares of the company’s stock valued at $326,000 after buying an additional 480 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Grand Canyon Education during the fourth quarter valued at about $32,000. Institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barrington Research boosted their price objective 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. BMO Capital Markets increased their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

Grand Canyon Education Trading Up 1.2 %

Shares of Grand Canyon Education stock opened at $172.40 on Monday. The firm’s 50 day simple moving average is $175.34 and its two-hundred day simple moving average is $163.64. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) 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 firm had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal 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.