Jefferies Group LLC Acquires 1,005 Shares of Grand Canyon Education Inc (LOPE)

Jefferies Group LLC increased its holdings in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,474 shares of the company’s stock after acquiring an additional 1,005 shares during the quarter. Jefferies Group LLC’s holdings in Grand Canyon Education were worth $669,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in LOPE. Nationwide Fund Advisors increased its position in Grand Canyon Education by 62.1% during the third quarter. Nationwide Fund Advisors now owns 139,763 shares of the company’s stock worth $12,693,000 after acquiring an additional 53,555 shares during the period. Aperio Group LLC increased its holdings in Grand Canyon Education by 9.0% in the 3rd quarter. Aperio Group LLC now owns 10,534 shares of the company’s stock valued at $957,000 after buying an additional 872 shares during the period. New York State Common Retirement Fund increased its holdings in Grand Canyon Education by 18.0% in the 3rd quarter. New York State Common Retirement Fund now owns 80,861 shares of the company’s stock valued at $7,344,000 after buying an additional 12,356 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Grand Canyon Education by 73.8% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,221 shares of the company’s stock valued at $1,473,000 after buying an additional 6,890 shares during the period. Finally, Advisor Group Inc. increased its holdings in Grand Canyon Education by 55.9% in the 3rd quarter. Advisor Group Inc. now owns 9,342 shares of the company’s stock valued at $848,000 after buying an additional 3,351 shares during the period. 96.34% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have commented on LOPE. BidaskClub raised shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 13th. Barrington Research reissued a “buy” rating and issued a $115.00 target price on shares of Grand Canyon Education in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 target price on the stock in a report on Tuesday, February 27th. Piper Jaffray Companies reissued a “buy” rating and issued a $102.00 target price on shares of Grand Canyon Education in a report on Monday, December 4th. Finally, Robert W. Baird reissued a “buy” rating and issued a $100.00 target price on shares of Grand Canyon Education in a report on Friday, December 1st. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Grand Canyon Education currently has an average rating of “Buy” and an average target price of $109.60.

Grand Canyon Education Inc (NASDAQ:LOPE) opened at $105.73 on Tuesday. The company has a market cap of $5,086.63, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.55 and a beta of 1.26. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.06. Grand Canyon Education Inc has a 1-year low of $66.34 and a 1-year high of $109.82.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.09. The company had revenue of $271.42 million for the quarter, compared to analyst estimates of $268.42 million. Grand Canyon Education had a net margin of 20.87% and a return on equity of 21.20%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 EPS. equities research analysts predict that Grand Canyon Education Inc will post 4.7 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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