SG Americas Securities LLC Purchases 33,313 Shares of Grand Canyon Education, Inc. $LOPE

SG Americas Securities LLC increased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1,060.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,454 shares of the company’s stock after acquiring an additional 33,313 shares during the period. SG Americas Securities LLC owned about 0.13% of Grand Canyon Education worth $6,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of Grand Canyon Education by 4,339.5% during the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after purchasing an additional 1,866 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Grand Canyon Education by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock worth $19,985,000 after acquiring an additional 15,019 shares during the last quarter. Empowered Funds LLC increased its position in Grand Canyon Education by 2.1% in the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after acquiring an additional 161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Grand Canyon Education by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock valued at $21,318,000 after acquiring an additional 8,421 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Grand Canyon Education by 156.9% during the first quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after acquiring an additional 22,812 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $170.03 on Wednesday. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.11 and a beta of 0.72. Grand Canyon Education, Inc. has a 52-week low of $149.37 and a 52-week high of $223.04. The firm has a 50 day moving average price of $166.01 and a two-hundred day moving average price of $177.36.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The company had revenue of $308.12 million for the quarter, compared to analyst estimates of $307.92 million. During the same period in the prior year, the firm posted $2.95 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher?education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non?traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.