Texas Permanent School Fund Corp Raises Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Texas Permanent School Fund Corp boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 19.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 30,831 shares of the company’s stock after buying an additional 4,963 shares during the period. Texas Permanent School Fund Corp owned approximately 0.10% of Grand Canyon Education worth $4,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Intech Investment Management LLC increased its position in shares of Grand Canyon Education by 4.8% in the fourth quarter. Intech Investment Management LLC now owns 2,078 shares of the company’s stock worth $274,000 after acquiring an additional 96 shares in the last quarter. Capital Insight Partners LLC boosted its position in Grand Canyon Education by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock worth $592,000 after purchasing an additional 105 shares during the period. Allegheny Financial Group LTD increased its holdings in Grand Canyon Education by 4.3% in the 2nd quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after purchasing an additional 109 shares in the last quarter. Riverwater Partners LLC raised its position in Grand Canyon Education by 0.9% in the first quarter. Riverwater Partners LLC now owns 12,716 shares of the company’s stock valued at $1,732,000 after purchasing an additional 119 shares during the period. Finally, Arizona State Retirement System raised its position in Grand Canyon Education by 1.9% in the second quarter. Arizona State Retirement System now owns 8,404 shares of the company’s stock valued at $1,176,000 after purchasing an additional 156 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOPE has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $143.13 on Friday. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. Grand Canyon Education, Inc. has a one year low of $110.72 and a one year high of $157.53. The business’s 50-day simple moving average is $144.93 and its 200 day simple moving average is $139.82.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 EPS. On average, equities research analysts predict that Grand Canyon Education, Inc. will post 7.98 EPS for the current year.

Grand Canyon Education 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.