Kestra Investment Management LLC Invests $115,000 in Grand Canyon Education, Inc. $LOPE

Kestra Investment Management LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 662 shares of the company’s stock, valued at approximately $115,000.

A number of other institutional investors have also recently made changes to their positions in the business. Pallas Capital Advisors LLC boosted its position in shares of Grand Canyon Education by 5.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company’s stock worth $234,000 after purchasing an additional 65 shares in the last quarter. Diversified Trust Co boosted its position in shares of Grand Canyon Education by 5.4% in the 1st quarter. Diversified Trust Co now owns 1,293 shares of the company’s stock worth $224,000 after purchasing an additional 66 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Grand Canyon Education by 2.8% in the 1st quarter. Synovus Financial Corp now owns 2,476 shares of the company’s stock worth $428,000 after purchasing an additional 68 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Grand Canyon Education by 2.9% in the 1st quarter. Benjamin Edwards Inc. now owns 2,683 shares of the company’s stock worth $464,000 after purchasing an additional 75 shares in the last quarter. Finally, NDVR Inc. boosted its position in shares of Grand Canyon Education by 5.1% in the 4th quarter. NDVR Inc. now owns 1,878 shares of the company’s stock worth $308,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on LOPE shares. Barrington Research reissued an “outperform” rating and issued a $215.00 price objective on shares of Grand Canyon Education in a research report on Thursday, August 7th. BMO Capital Markets lowered their price objective on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, July 7th. Finally, Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Grand Canyon Education presently has an average rating of “Buy” and an average target price of $203.67.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $205.29 on Wednesday. The stock has a 50-day moving average of $186.44 and a two-hundred day moving average of $183.35. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $207.22. The stock has a market cap of $5.77 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.51 and a beta of 0.80.

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

Grand Canyon Education Company 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.