MetLife Investment Management LLC Buys 1,171 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

MetLife Investment Management LLC grew its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,617 shares of the company’s stock after buying an additional 1,171 shares during the period. MetLife Investment Management LLC’s holdings in Grand Canyon Education were worth $2,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Research Global Investors bought a new stake in Grand Canyon Education during the fourth quarter valued at $4,180,000. First Trust Advisors LP grew its holdings in shares of Grand Canyon Education by 5.0% during the fourth quarter. First Trust Advisors LP now owns 126,950 shares of the company’s stock worth $20,794,000 after purchasing an additional 6,092 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of Grand Canyon Education in the fourth quarter worth approximately $25,000. XTX Topco Ltd purchased a new stake in Grand Canyon Education in the fourth quarter valued at approximately $968,000. Finally, Barclays PLC lifted its position in Grand Canyon Education by 152.3% during the fourth quarter. Barclays PLC now owns 47,877 shares of the company’s stock valued at $7,842,000 after purchasing an additional 28,900 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOPE has been the topic of several research reports. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday. Barrington Research reiterated an “outperform” rating and issued a $205.00 price objective on shares of Grand Canyon Education in a report on Tuesday, April 15th. Finally, BMO Capital Markets raised their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st.

Grand Canyon Education Stock Up 0.4 %

NASDAQ LOPE opened at $175.64 on Monday. The company has a 50-day simple moving average of $173.79 and a two-hundred day simple moving average of $166.18. Grand Canyon Education, Inc. has a 12-month low of $129.86 and a 12-month high of $192.18. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The company had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Equities analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal 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.