State of Alaska Department of Revenue Buys 85 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

State of Alaska Department of Revenue boosted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,331 shares of the company’s stock after purchasing an additional 85 shares during the quarter. State of Alaska Department of Revenue’s holdings in Grand Canyon Education were worth $12,341,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $25,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Grand Canyon Education in the fourth quarter valued at approximately $32,000. UMB Bank n.a. boosted its position in shares of Grand Canyon Education by 107.8% in the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock valued at $55,000 after acquiring an additional 165 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Grand Canyon Education in the fourth quarter valued at approximately $59,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Grand Canyon Education by 268.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,021 shares of the company’s stock valued at $167,000 after acquiring an additional 744 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 1.4%

Shares of Grand Canyon Education stock opened at $188.34 on Thursday. The stock’s fifty day simple moving average is $186.72 and its 200 day simple moving average is $176.66. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $202.28. The company has a market capitalization of $5.35 billion, a PE ratio of 23.63, a PEG ratio of 1.41 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.06. The firm had revenue of $289.31 million during the quarter, compared to analysts’ expectations of $287.18 million. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 EPS. Analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LOPE has been the subject of a number of recent research reports. BMO Capital Markets upped their target price on Grand Canyon Education from $208.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Barrington Research upped their target price on Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.

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.