Vanguard Personalized Indexing Management LLC Purchases 358 Shares of Grand Canyon Education, Inc. $LOPE

Vanguard Personalized Indexing Management LLC grew its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,070 shares of the company’s stock after purchasing an additional 358 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Grand Canyon Education were worth $1,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Grand Canyon Education by 2.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,009 shares of the company’s stock worth $552,000 after purchasing an additional 59 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Grand Canyon Education by 5.4% in the first quarter. Diversified Trust Co now owns 1,293 shares of the company’s stock valued at $224,000 after acquiring an additional 66 shares in the last quarter. Synovus Financial Corp increased its position in shares of Grand Canyon Education by 2.8% during the first quarter. Synovus Financial Corp now owns 2,476 shares of the company’s stock valued at $428,000 after acquiring an additional 68 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Grand Canyon Education by 2.9% during the first quarter. Benjamin Edwards Inc. now owns 2,683 shares of the company’s stock worth $464,000 after acquiring an additional 75 shares during the period. Finally, Signaturefd LLC lifted its holdings in Grand Canyon Education by 9.8% during the second quarter. Signaturefd LLC now owns 949 shares of the company’s stock worth $179,000 after acquiring an additional 85 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Trading Up 1.5%

Shares of LOPE stock opened at $211.60 on Friday. The firm’s 50 day moving average is $207.33 and its 200 day moving average is $190.72. The stock has a market capitalization of $5.94 billion, a P/E ratio of 25.62, a PEG ratio of 1.56 and a beta of 0.76. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $220.79.

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

Analysts Set New Price Targets

LOPE has been the subject of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, September 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of Grand Canyon Education in a research report on Tuesday, October 14th. BMO Capital Markets decreased their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, July 7th. Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Zacks Research downgraded shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.