Choreo LLC Makes New $332,000 Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Choreo LLC acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,350 shares of the company’s stock, valued at approximately $332,000.

A number of other hedge funds also recently made changes to their positions in LOPE. Private Advisor Group LLC purchased a new stake in Grand Canyon Education during the fourth quarter valued at about $201,000. BNP Paribas Financial Markets lifted its position in Grand Canyon Education by 243.1% in the 4th quarter. BNP Paribas Financial Markets now owns 17,435 shares of the company’s stock worth $2,302,000 after buying an additional 12,353 shares during the last quarter. Jump Financial LLC purchased a new stake in Grand Canyon Education in the fourth quarter worth approximately $727,000. Vanguard Personalized Indexing Management LLC grew its position in Grand Canyon Education by 36.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,376 shares of the company’s stock valued at $578,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Grand Canyon Education by 22.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,510 shares of the company’s stock worth $2,840,000 after acquiring an additional 3,959 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Down 1.3 %

Shares of Grand Canyon Education stock opened at $141.83 on Wednesday. The company’s fifty day simple moving average is $144.98 and its two-hundred day simple moving average is $140.02. Grand Canyon Education, Inc. has a 12-month low of $111.65 and a 12-month high of $157.53. The firm has a market cap of $4.22 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $223.56 million. During the same period last year, the firm earned $1.01 earnings per share. Grand Canyon Education’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barrington Research reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a research note on Wednesday, August 7th. Finally, StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday.

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.