Dimensional Fund Advisors LP decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,263,984 shares of the company’s stock after selling 12,554 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.63% of Grand Canyon Education worth $114,792,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its stake in Grand Canyon Education by 3.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 249,651 shares of the company’s stock valued at $22,674,000 after buying an additional 7,479 shares during the last quarter. Neumeier Poma Investment Counsel LLC lifted its stake in Grand Canyon Education by 3.5% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 514,450 shares of the company’s stock valued at $46,722,000 after buying an additional 17,525 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Grand Canyon Education by 42.0% in the third quarter. Wells Fargo & Company MN now owns 528,016 shares of the company’s stock valued at $47,956,000 after buying an additional 156,192 shares during the last quarter. SG Capital Management LLC purchased a new stake in Grand Canyon Education in the third quarter valued at approximately $6,916,000. Finally, JPMorgan Chase & Co. lifted its stake in Grand Canyon Education by 172.0% in the third quarter. JPMorgan Chase & Co. now owns 67,869 shares of the company’s stock valued at $6,045,000 after buying an additional 42,919 shares during the last quarter. Hedge funds and other institutional investors own 96.16% of the company’s stock.
LOPE has been the subject of a number of research reports. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 price objective on shares of Grand Canyon Education in a research note on Monday, September 18th. Robert W. Baird reiterated a “buy” rating and issued a $100.00 price objective on shares of Grand Canyon Education in a research note on Friday, December 1st. BidaskClub cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Friday. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $102.00 target price on shares of Grand Canyon Education in a report on Monday, December 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $100.80.
Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. The business had revenue of $236.21 million for the quarter, compared to analyst estimates of $231.43 million. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. sell-side analysts forecast that Grand Canyon Education, Inc. will post 3.9 EPS for the current year.
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Grand Canyon Education Company Profile
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.
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