Headlands Technologies LLC Acquires New Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Headlands Technologies LLC acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 1st quarter, Holdings Channel reports. The fund acquired 497 shares of the company’s stock, valued at approximately $86,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Burgundy Asset Management Ltd. increased its stake in shares of Grand Canyon Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company’s stock worth $144,982,000 after acquiring an additional 14,667 shares during the period. Invesco Ltd. grew its position in Grand Canyon Education by 8.6% during the 4th quarter. Invesco Ltd. now owns 494,706 shares of the company’s stock worth $81,033,000 after purchasing an additional 39,136 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Grand Canyon Education by 79.7% during the 1st quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company’s stock valued at $66,828,000 after buying an additional 171,261 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in shares of Grand Canyon Education by 10.7% in the 1st quarter. Reinhart Partners LLC. now owns 366,392 shares of the company’s stock valued at $63,393,000 after buying an additional 35,446 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Grand Canyon Education by 3.8% in the first quarter. Los Angeles Capital Management LLC now owns 360,825 shares of the company’s stock worth $62,430,000 after buying an additional 13,347 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on LOPE shares. Barrington Research reiterated an “outperform” rating and set a $215.00 price target on shares of Grand Canyon Education in a research report on Thursday, August 7th. BMO Capital Markets dropped their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, July 7th. Finally, Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday.

Grand Canyon Education Trading Down 1.2%

NASDAQ LOPE opened at $195.79 on Tuesday. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.46 and a beta of 0.79. The stock has a 50-day moving average of $180.66 and a 200 day moving average of $180.11. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28.

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

About Grand Canyon Education

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.