Wealth Enhancement Advisory Services LLC Acquires New Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Wealth Enhancement Advisory Services LLC bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,123 shares of the company’s stock, valued at approximately $437,000.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of Grand Canyon Education by 14,150.0% in the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after acquiring an additional 283 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Grand Canyon Education in the fourth quarter valued at approximately $54,000. Daiwa Securities Group Inc. lifted its stake in shares of Grand Canyon Education by 41.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock worth $66,000 after buying an additional 145 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Grand Canyon Education during the 4th quarter worth $101,000. Finally, TFO Wealth Partners LLC grew its stake in Grand Canyon Education by 85,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock valued at $113,000 after buying an additional 852 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price target on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. BMO Capital Markets increased their target price on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Barrington Research reissued an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a research report on Wednesday, August 7th.

Grand Canyon Education Stock Up 0.8 %

LOPE stock opened at $142.29 on Friday. The business’s 50-day simple moving average is $143.86 and its 200 day simple moving average is $138.73. The company has a market cap of $4.23 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66. Grand Canyon Education, Inc. has a twelve month low of $110.42 and a twelve month high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. The company had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. Grand Canyon Education’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. On average, equities research analysts anticipate that Grand Canyon Education, Inc. will post 7.8 EPS for the current year.

Grand Canyon Education 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.