Grand Canyon Education Inc (LOPE) Shares Bought by Aperio Group LLC

Aperio Group LLC raised its stake in Grand Canyon Education Inc (NASDAQ:LOPE) by 11.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,810 shares of the company’s stock after purchasing an additional 1,412 shares during the period. Aperio Group LLC’s holdings in Grand Canyon Education were worth $1,558,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LOPE. Tower Research Capital LLC TRC bought a new stake in shares of Grand Canyon Education during the second quarter worth about $118,000. We Are One Seven LLC bought a new stake in shares of Grand Canyon Education during the third quarter worth about $202,000. HRT Financial LLC bought a new stake in shares of Grand Canyon Education during the second quarter worth about $213,000. V Wealth Management LLC bought a new stake in shares of Grand Canyon Education during the second quarter worth about $219,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Grand Canyon Education during the second quarter worth about $233,000. 93.94% of the stock is owned by institutional investors.

NASDAQ:LOPE opened at $128.47 on Friday. The company has a quick ratio of 5.73, a current ratio of 5.73 and a debt-to-equity ratio of 0.05. The stock has a market cap of $6.25 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 1.66 and a beta of 0.79. Grand Canyon Education Inc has a one year low of $85.14 and a one year high of $130.10.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, November 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The business had revenue of $155.45 million during the quarter, compared to the consensus estimate of $153.31 million. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was down 34.2% compared to the same quarter last year. On average, equities analysts predict that Grand Canyon Education Inc will post 4.89 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. Barrington Research reissued a “buy” rating and set a $135.00 target price on shares of Grand Canyon Education in a research report on Friday, August 10th. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $122.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. BidaskClub downgraded shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 30th. Finally, Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Grand Canyon Education has a consensus rating of “Buy” and a consensus price target of $139.40.

ILLEGAL ACTIVITY NOTICE: “Grand Canyon Education Inc (LOPE) Shares Bought by Aperio Group LLC” was posted by WKRB News and is owned by of WKRB News. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://www.wkrb13.com/2018/11/11/grand-canyon-education-inc-lope-shares-bought-by-aperio-group-llc.html.

About Grand Canyon Education

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.

Read More: Preferred Stock

Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education Inc (NASDAQ:LOPE).

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

Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply