Nisa Investment Advisors LLC Purchases 5,516 Shares of Grand Canyon Education, Inc. $LOPE

Nisa Investment Advisors LLC lifted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 41.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,974 shares of the company’s stock after buying an additional 5,516 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Grand Canyon Education were worth $3,586,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC grew its holdings in shares of Grand Canyon Education by 24.4% during the second quarter. AlphaQuest LLC now owns 9,490 shares of the company’s stock worth $1,794,000 after purchasing an additional 1,860 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in shares of Grand Canyon Education in the second quarter worth approximately $321,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Grand Canyon Education by 22.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 81,694 shares of the company’s stock worth $15,344,000 after acquiring an additional 14,975 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Grand Canyon Education in the second quarter worth approximately $3,029,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Grand Canyon Education in the second quarter worth approximately $19,725,000. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, October 21st. Zacks Research lowered Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. BMO Capital Markets cut their price objective on 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, Weiss Ratings reissued a “buy (b+)” rating on shares of Grand Canyon Education in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $208.67.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $204.09 on Thursday. Grand Canyon Education, Inc. has a 52-week low of $135.32 and a 52-week high of $223.04. The business’s 50 day moving average price is $209.98 and its two-hundred day moving average price is $193.43. The firm has a market cap of $5.73 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.58 and a beta of 0.76.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. During the same period in the previous year, the firm earned $1.19 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. Research 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.