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

Arrowstreet Capital Limited Partnership grew its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 102.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,194 shares of the company’s stock after acquiring an additional 57,325 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Grand Canyon Education were worth $18,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp lifted its holdings in Grand Canyon Education by 0.9% in 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 in the last quarter. Boston Partners boosted its position in shares of Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company’s stock worth $64,786,000 after acquiring an additional 159,827 shares during the last quarter. Norges Bank bought a new stake in Grand Canyon Education in the 4th quarter valued at $57,838,000. Reinhart Partners LLC. lifted its stake in Grand Canyon Education by 1.6% in the 4th quarter. Reinhart Partners LLC. now owns 330,946 shares of the company’s stock worth $54,209,000 after purchasing an additional 5,339 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Grand Canyon Education by 5.7% in the fourth quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company’s stock worth $27,388,000 after buying an additional 9,083 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

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

Grand Canyon Education Trading Down 4.5 %

Shares of LOPE opened at $167.21 on Friday. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The firm has a fifty day moving average price of $176.11 and a 200-day moving average price of $162.22. The firm has a market capitalization of $4.80 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share 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 the consensus estimate of $289.62 million. Analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

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.