Snowden Capital Advisors LLC Has $656,000 Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Snowden Capital Advisors LLC lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.1% during the fourth quarter, HoldingsChannel reports. The fund owned 4,005 shares of the company’s stock after selling 170 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Grand Canyon Education were worth $656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new stake in shares of Grand Canyon Education in the 4th quarter worth about $421,000. QRG Capital Management Inc. acquired a new stake in shares of Grand Canyon Education in the 4th quarter worth about $255,000. Postrock Partners LLC acquired a new stake in shares of Grand Canyon Education in the 4th quarter worth about $1,715,000. JPMorgan Chase & Co. raised its holdings in shares of Grand Canyon Education by 5.7% in the 4th quarter. JPMorgan Chase & Co. now owns 167,206 shares of the company’s stock worth $27,388,000 after acquiring an additional 9,083 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Grand Canyon Education by 33.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 44,786 shares of the company’s stock worth $7,336,000 after acquiring an additional 11,245 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $197.11 on Wednesday. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $202.28. The company has a 50-day simple moving average of $178.31 and a two-hundred day simple moving average of $172.53. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $2.35 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.