Guggenheim Capital LLC Increases Stake in Grand Canyon Education, Inc. (LOPE)

Guggenheim Capital LLC boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 24.8% during the 4th quarter, HoldingsChannel reports. The fund owned 21,880 shares of the company’s stock after buying an additional 4,344 shares during the quarter. Guggenheim Capital LLC’s holdings in Grand Canyon Education were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Koch Industries Inc. bought a new stake in Grand Canyon Education during the fourth quarter worth $224,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Grand Canyon Education by 46.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock worth $239,000 after acquiring an additional 846 shares in the last quarter. Atria Investments LLC bought a new stake in Grand Canyon Education during the fourth quarter worth $261,000. Polen Capital Management LLC bought a new stake in Grand Canyon Education during the fourth quarter worth $274,000. Finally, Invictus RG raised its position in Grand Canyon Education by 406.6% during the fourth quarter. Invictus RG now owns 3,764 shares of the company’s stock worth $337,000 after acquiring an additional 3,021 shares in the last quarter. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

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Several analysts have issued reports on the stock. Barrington Research reaffirmed a “buy” rating and set a $115.00 price target on shares of Grand Canyon Education in a research report on Monday. BidaskClub raised shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a research report on Tuesday, February 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of Grand Canyon Education in a research report on Thursday, February 22nd. Finally, Piper Jaffray upped their price target on shares of Grand Canyon Education to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Grand Canyon Education has a consensus rating of “Buy” and a consensus target price of $109.60.

NASDAQ:LOPE opened at $109.96 on Tuesday. Grand Canyon Education, Inc. has a one year low of $68.82 and a one year high of $111.34. The firm has a market capitalization of $5,288.00, a price-to-earnings ratio of 27.77, a P/E/G ratio of 1.61 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.57 and a current ratio of 1.57.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 21st. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Grand Canyon Education had a net margin of 20.87% and a return on equity of 21.20%. The firm had revenue of $271.42 million for the quarter, compared to the consensus estimate of $268.42 million. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. analysts predict that Grand Canyon Education, Inc. will post 4.7 earnings per share for the current fiscal year.

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Grand Canyon Education Company Profile

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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