Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Man Group plc

Man Group plc boosted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 29.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,295 shares of the company’s stock after buying an additional 7,565 shares during the quarter. Man Group plc’s holdings in Grand Canyon Education were worth $5,454,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $32,000. Financial Life Planners acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Down 0.4%

Shares of NASDAQ:LOPE opened at $197.11 on Wednesday. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $202.28. The firm has a 50-day simple moving average of $178.31 and a 200 day simple moving average of $172.53. The company has a market cap of $5.59 billion, a PE ratio of 25.47, a P/E/G ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $289.31 million during the quarter, compared to the consensus estimate of $287.18 million. During the same quarter in the prior year, the firm earned $2.35 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, Barrington Research boosted their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th.

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.