Intech Investment Management LLC Buys 737 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Intech Investment Management LLC grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,150 shares of the company’s stock after purchasing an additional 737 shares during the quarter. Intech Investment Management LLC’s holdings in Grand Canyon Education were worth $680,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LOPE. Migdal Insurance & Financial Holdings Ltd. bought a new position in Grand Canyon Education during the 4th quarter valued at $27,000. True Wealth Design LLC bought a new position in shares of Grand Canyon Education during the third quarter valued at about $31,000. Financial Life Planners purchased a new position in Grand Canyon Education during the fourth quarter worth about $37,000. Versant Capital Management Inc grew its position in Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after purchasing an additional 167 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Grand Canyon Education in the 3rd quarter valued at about $86,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Grand Canyon Education Trading Down 0.8 %

Grand Canyon Education stock opened at $168.82 on Monday. The business’s 50 day simple moving average is $175.06 and its 200 day simple moving average is $160.12. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.42 and a beta of 0.78.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $289.62 million. As a group, equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.