Dupont Capital Management Corp acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,614 shares of the company’s stock, valued at approximately $328,000.
A number of other hedge funds have also bought and sold shares of LOPE. BlackRock Inc. boosted its position in Grand Canyon Education by 73,121.4% during the 1st quarter. BlackRock Inc. now owns 2,817,560 shares of the company’s stock valued at $201,765,000 after purchasing an additional 2,813,712 shares during the period. William Blair Investment Management LLC raised its position in shares of Grand Canyon Education by 27.7% during the second quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock worth $161,065,000 after purchasing an additional 445,546 shares during the period. Alliancebernstein L.P. raised its position in Grand Canyon Education by 15.7% during the second quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock valued at $141,788,000 after buying an additional 245,284 shares during the period. Russell Investments Group Ltd. grew its stake in Grand Canyon Education by 128.0% in the second quarter. Russell Investments Group Ltd. now owns 347,481 shares of the company’s stock valued at $27,244,000 after purchasing an additional 195,090 shares in the last quarter. Finally, AJO LP grew its stake in Grand Canyon Education by 677.1% in the second quarter. AJO LP now owns 135,147 shares of the company’s stock valued at $10,597,000 after purchasing an additional 117,755 shares in the last quarter. Institutional investors own 96.75% of the company’s stock.
Several equities analysts recently weighed in on the company. ValuEngine cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BMO Capital Markets restated a “buy” rating and issued a $97.00 price objective on shares of Grand Canyon Education in a report on Wednesday, October 25th. Robert W. Baird raised their price objective on Grand Canyon Education from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Barrington Research restated an “outperform” rating and set a $103.00 price objective (up previously from $98.00) on shares of Grand Canyon Education in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Grand Canyon Education currently has an average rating of “Buy” and a consensus price target of $97.40.
Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) opened at $90.79 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07. The company has a market cap of $4,333.77, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.34. Grand Canyon Education, Inc. has a 1 year low of $55.99 and a 1 year high of $95.51.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm had revenue of $236.21 million for the quarter, compared to analyst estimates of $231.43 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts expect that Grand Canyon Education, Inc. will post 3.9 EPS for the current fiscal year.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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