New Age Alpha Advisors LLC Invests $1.35 Million in Grand Canyon Education, Inc. (NASDAQ:LOPE)

New Age Alpha Advisors LLC purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,252 shares of the company’s stock, valued at approximately $1,352,000.

Several other hedge funds have also added to or reduced their stakes in LOPE. Wealth Enhancement Advisory Services LLC grew its stake in shares of Grand Canyon Education by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock worth $692,000 after purchasing an additional 63 shares during the period. DGS Capital Management LLC raised its position in shares of Grand Canyon Education by 1.5% in the 3rd quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after acquiring an additional 67 shares during the period. Barclays PLC grew its holdings in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after purchasing an additional 84 shares during the period. MML Investors Services LLC grew its holdings in Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock valued at $814,000 after purchasing an additional 91 shares during the period. Finally, Xponance Inc. increased its stake in Grand Canyon Education by 2.1% in the fourth quarter. Xponance Inc. now owns 4,634 shares of the company’s stock valued at $759,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LOPE. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Barrington Research upped their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

Grand Canyon Education Stock Down 1.8 %

Shares of LOPE opened at $174.94 on Monday. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The company has a 50 day moving average of $175.76 and a 200-day moving average of $161.37. The stock has a market capitalization of $5.03 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.42 and a beta of 0.78.

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

About Grand Canyon Education

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.