Axa lessened its stake in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,400 shares of the company’s stock after selling 1,700 shares during the period. Axa’s holdings in Grand Canyon Education were worth $1,289,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. ETRADE Capital Management LLC purchased a new position in shares of Grand Canyon Education in the third quarter worth about $231,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Grand Canyon Education by 46.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock worth $239,000 after purchasing an additional 846 shares in the last quarter. Atria Investments LLC purchased a new position in shares of Grand Canyon Education in the fourth quarter worth about $261,000. Polen Capital Management LLC purchased a new position in shares of Grand Canyon Education in the fourth quarter worth about $274,000. Finally, Suntrust Banks Inc. purchased a new position in shares of Grand Canyon Education in the fourth quarter worth about $348,000. Institutional investors and hedge funds own 96.34% of the company’s stock.
Grand Canyon Education stock opened at $105.53 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.57 and a quick ratio of 1.57. Grand Canyon Education Inc has a 1 year low of $66.34 and a 1 year high of $109.82. The company has a market cap of $5,105.94, a P/E ratio of 25.07, a PEG ratio of 1.55 and a beta of 1.26.
Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 21st. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.09. Grand Canyon Education had a net margin of 20.87% and a return on equity of 21.20%. The company had revenue of $271.42 million during the quarter, compared to analyst estimates of $268.42 million. During the same period last year, the business earned $1.01 earnings per share. Grand Canyon Education’s revenue was up 10.9% compared to the same quarter last year. analysts predict that Grand Canyon Education Inc will post 4.7 EPS for the current fiscal year.
Several research firms have recently weighed in on LOPE. BidaskClub upgraded shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 13th. Barrington Research reiterated a “buy” rating and issued a $115.00 target price on shares of Grand Canyon Education in a research note on Tuesday, March 6th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research note on Tuesday, February 27th. Robert W. Baird reiterated an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of Grand Canyon Education in a research note on Thursday, February 22nd. Finally, Piper Jaffray Companies lifted their target price on shares of Grand Canyon Education to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $109.60.
Grand Canyon Education 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.
Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education Inc (NASDAQ:LOPE).
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.