Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC increased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 135.6% during the 4th quarter, HoldingsChannel reports. The fund owned 3,807 shares of the company’s stock after acquiring an additional 2,191 shares during the quarter. Nebula Research & Development LLC’s holdings in Grand Canyon Education were worth $624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GeoWealth Management LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at about $32,000. Financial Life Planners acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $175.92 on Tuesday. Grand Canyon Education, Inc. has a fifty-two week low of $129.86 and a fifty-two week high of $192.18. The firm has a 50 day moving average price of $173.62 and a 200 day moving average price of $166.48. The company has a market capitalization of $5.05 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. As a group, equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analysts Set New Price Targets

LOPE has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and set a $205.00 price target on shares of Grand Canyon Education in a research report on Tuesday, April 15th. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th.

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.