Intech Investment Management LLC Increases Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Intech Investment Management LLC increased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 21.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,150 shares of the company’s stock after purchasing an additional 737 shares during the period. Intech Investment Management LLC’s holdings in Grand Canyon Education were worth $680,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in shares of Grand Canyon Education by 2.2% in the third quarter. Victory Capital Management Inc. now owns 10,075 shares of the company’s stock worth $1,429,000 after buying an additional 219 shares in the last quarter. Natixis Advisors LLC bought a new stake in Grand Canyon Education during the 3rd quarter worth approximately $1,440,000. Charles Schwab Investment Management Inc. lifted its stake in Grand Canyon Education by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company’s stock worth $47,185,000 after purchasing an additional 1,101 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Grand Canyon Education by 5.9% in the 3rd quarter. Raymond James Trust N.A. now owns 1,983 shares of the company’s stock valued at $281,000 after purchasing an additional 111 shares during the period. Finally, Cerity Partners LLC grew its position in shares of Grand Canyon Education by 41.8% during the 3rd quarter. Cerity Partners LLC now owns 20,995 shares of the company’s stock valued at $2,978,000 after purchasing an additional 6,184 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Barrington Research boosted their price objective on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $168.82 on Monday. The firm has a market capitalization of $4.85 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18. The firm has a fifty day moving average of $175.06 and a 200 day moving average of $160.12.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.93 by $0.02. The firm had revenue of $292.57 million for the quarter, compared to analyst estimates 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 forecast that Grand Canyon Education, Inc. will post 8.81 EPS 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.