Susquehanna Fundamental Investments LLC Invests $2.56 Million in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Susquehanna Fundamental Investments LLC acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,639 shares of the company’s stock, valued at approximately $2,562,000. Susquehanna Fundamental Investments LLC owned 0.05% of Grand Canyon Education at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Grand Canyon Education by 14.3% in the 4th quarter. FMR LLC now owns 1,513,249 shares of the company’s stock valued at $247,870,000 after buying an additional 189,843 shares during the period. Invesco Ltd. grew its position in Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company’s stock worth $81,033,000 after acquiring an additional 39,136 shares during the period. Boston Partners increased its stake in Grand Canyon Education by 68.6% during the fourth quarter. Boston Partners now owns 392,954 shares of the company’s stock worth $64,786,000 after acquiring an additional 159,827 shares during the last quarter. Norges Bank purchased a new stake in Grand Canyon Education in the fourth quarter valued at $57,838,000. Finally, Reinhart Partners LLC. lifted its stake in shares of Grand Canyon Education by 1.6% in the 4th quarter. Reinhart Partners LLC. now owns 330,946 shares of the company’s stock valued at $54,209,000 after purchasing an additional 5,339 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $177.89 on Wednesday. The company has a market cap of $5.11 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.42 and a beta of 0.82. Grand Canyon Education, Inc. has a 1-year low of $129.86 and a 1-year high of $192.18. The stock has a 50-day moving average of $173.44 and a two-hundred day moving average of $166.56.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $292.57 million for the quarter, compared to the consensus estimate of $289.62 million. On average, analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and set a $205.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, April 15th. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st.

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.