HRT Financial LLC purchased a new stake in shares of Grand Canyon Education Inc (NASDAQ:LOPE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,917 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in Grand Canyon Education during the second quarter valued at $118,000. Ostrum Asset Management bought a new position in Grand Canyon Education during the first quarter valued at $132,000. O Shaughnessy Asset Management LLC bought a new position in Grand Canyon Education during the first quarter valued at $201,000. V Wealth Management LLC bought a new position in Grand Canyon Education during the second quarter valued at $219,000. Finally, Mackay Shields LLC bought a new position in Grand Canyon Education during the second quarter valued at $257,000. 94.26% of the stock is owned by institutional investors.

Grand Canyon Education stock opened at $111.08 on Monday. Grand Canyon Education Inc has a one year low of $80.87 and a one year high of $123.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73. The firm has a market capitalization of $5.47 billion, a PE ratio of 28.05, a P/E/G ratio of 1.45 and a beta of 1.20.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. Grand Canyon Education had a return on equity of 21.38% and a net margin of 22.28%. The firm had revenue of $236.82 million during the quarter, compared to analyst estimates of $235.13 million. During the same period last year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. analysts anticipate that Grand Canyon Education Inc will post 4.89 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Barrington Research increased their price objective on Grand Canyon Education from $117.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, July 9th. Robert W. Baird increased their price objective on Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. BMO Capital Markets increased their price objective on Grand Canyon Education from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. BidaskClub raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. Finally, Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Saturday, May 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $133.20.

Grand Canyon Education Profile

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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

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