Driehaus Capital Management LLC Increases Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Driehaus Capital Management LLC grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 136,815 shares of the company’s stock after buying an additional 9,843 shares during the quarter. Driehaus Capital Management LLC owned 0.46% of Grand Canyon Education worth $19,142,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after acquiring an additional 283 shares in the last quarter. Blue Trust Inc. raised its position in shares of Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after acquiring an additional 533 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after acquiring an additional 202 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Grand Canyon Education by 85,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after acquiring an additional 852 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth about $132,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Down 0.2 %

LOPE opened at $142.34 on Friday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. Grand Canyon Education, Inc. has a 52 week low of $112.38 and a 52 week high of $157.53. The business’s 50 day moving average is $144.37 and its two-hundred day moving average is $140.42.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. The company had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. Equities analysts expect that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LOPE. BMO Capital Markets raised their target price on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $165.00 price target on shares of Grand Canyon Education in a research report on Friday, September 20th.

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.