Cerity Partners LLC Has $3.32 Million Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Cerity Partners LLC increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,920 shares of the company’s stock after buying an additional 925 shares during the period. Cerity Partners LLC owned about 0.08% of Grand Canyon Education worth $3,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Grand Canyon Education during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new position in Grand Canyon Education during the 4th quarter worth about $32,000. Financial Life Planners acquired a new position in Grand Canyon Education during the 4th quarter worth about $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $59,000. Finally, Versant Capital Management Inc increased its stake in shares of Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after buying an additional 167 shares during the period. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $174.11 on Tuesday. The firm has a market cap of $5.00 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18. The business’s 50 day moving average price is $175.21 and its two-hundred day moving average price is $163.86.

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 analysts’ consensus estimates of $2.93 by $0.02. The company had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barrington Research upped their target price on Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

Grand Canyon Education 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.