Grand Canyon Education, Inc. $LOPE Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,797 shares of the company’s stock after acquiring an additional 100 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of Grand Canyon Education worth $5,821,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LOPE. GAMMA Investing LLC grew its stake in shares of Grand Canyon Education by 33.4% in the 1st quarter. GAMMA Investing LLC now owns 1,189 shares of the company’s stock valued at $206,000 after buying an additional 298 shares during the period. QRG Capital Management Inc. grew its stake in shares of Grand Canyon Education by 14.8% in the 1st quarter. QRG Capital Management Inc. now owns 1,787 shares of the company’s stock valued at $309,000 after buying an additional 231 shares during the period. Blue Trust Inc. grew its stake in shares of Grand Canyon Education by 20.5% in the 1st quarter. Blue Trust Inc. now owns 577 shares of the company’s stock valued at $100,000 after buying an additional 98 shares during the period. Lecap Asset Management Ltd. grew its stake in shares of Grand Canyon Education by 56.5% in the 1st quarter. Lecap Asset Management Ltd. now owns 5,206 shares of the company’s stock valued at $901,000 after buying an additional 1,879 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Grand Canyon Education by 244.2% in the 1st quarter. Bessemer Group Inc. now owns 716 shares of the company’s stock valued at $124,000 after buying an additional 508 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $212.64 on Tuesday. The stock has a market capitalization of $5.97 billion, a P/E ratio of 25.74, a PEG ratio of 1.56 and a beta of 0.76. The company has a 50 day moving average price of $207.67 and a 200 day moving average price of $191.14. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $220.79.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company had revenue of $247.50 million during the quarter, compared to analysts’ expectations of $240.90 million. During the same quarter last year, the company posted $1.19 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barrington Research reissued an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Tuesday, September 23rd. BMO Capital Markets dropped their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research note on Monday, July 7th. Zacks Research cut shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Grand Canyon Education in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.67.

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.