Hood River Capital Management LLC increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,495 shares of the company’s stock after purchasing an additional 4,029 shares during the quarter. Hood River Capital Management LLC owned 0.39% of Grand Canyon Education worth $17,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. raised its position in Grand Canyon Education by 586.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock worth $112,000 after purchasing an additional 1,225 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Grand Canyon Education by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock worth $143,000 after purchasing an additional 139 shares during the period. CAPROCK Group Inc. purchased a new position in Grand Canyon Education in the 3rd quarter worth $225,000. Parametrica Management Ltd purchased a new position in Grand Canyon Education in the 3rd quarter worth $227,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Grand Canyon Education in the 2nd quarter worth $227,000. Institutional investors own 96.35% of the company’s stock.

Grand Canyon Education, Inc. (NASDAQ:LOPE) traded down $0.59 during mid-day trading on Thursday, hitting $90.54. 146,600 shares of the company’s stock were exchanged, compared to its average volume of 291,821. Grand Canyon Education, Inc. has a 12-month low of $55.33 and a 12-month high of $95.51. The stock has a market capitalization of $4,385.25, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm had revenue of $236.21 million for the quarter, compared to analysts’ expectations of $231.43 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. research analysts expect that Grand Canyon Education, Inc. will post 3.9 EPS for the current fiscal year.

A number of equities analysts recently commented on LOPE shares. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Grand Canyon Education in a research report on Monday, September 18th. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Piper Jaffray Companies lifted their target price on shares of Grand Canyon Education from $83.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.40.

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About Grand Canyon Education

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

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

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