Xact Kapitalforvaltning AB acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,130 shares of the company’s stock, valued at approximately $370,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Neuberger Berman Group LLC boosted its position in shares of Grand Canyon Education by 19.4% during the third quarter. Neuberger Berman Group LLC now owns 13,001 shares of the company’s stock worth $1,181,000 after buying an additional 2,109 shares during the period. Swiss National Bank boosted its position in shares of Grand Canyon Education by 3.0% during the fourth quarter. Swiss National Bank now owns 77,900 shares of the company’s stock worth $6,974,000 after buying an additional 2,300 shares during the period. Suntrust Banks Inc. acquired a new position in shares of Grand Canyon Education during the fourth quarter worth approximately $348,000. Legal & General Group Plc boosted its position in shares of Grand Canyon Education by 23.4% during the third quarter. Legal & General Group Plc now owns 20,782 shares of the company’s stock worth $1,881,000 after buying an additional 3,937 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Grand Canyon Education by 151.0% during the fourth quarter. Teacher Retirement System of Texas now owns 15,620 shares of the company’s stock worth $1,398,000 after buying an additional 9,396 shares during the period. Institutional investors and hedge funds own 96.34% of the company’s stock.
Several equities analysts have recently issued reports on the company. BidaskClub upgraded Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. Barrington Research reissued a “buy” rating and set a $115.00 target price on shares of Grand Canyon Education in a report on Tuesday, March 6th. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 target price on the stock in a report on Tuesday, February 27th. Robert W. Baird reissued an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Grand Canyon Education in a report on Thursday, February 22nd. Finally, Piper Jaffray boosted their target price on Grand Canyon Education to $114.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $109.60.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 21st. The company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Grand Canyon Education had a return on equity of 21.20% and a net margin of 20.87%. The firm had revenue of $271.42 million for the quarter, compared to analysts’ expectations of $268.42 million. During the same quarter in the previous year, the company earned $1.01 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. analysts anticipate that Grand Canyon Education, Inc. will post 4.7 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This article was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.tickerreport.com/banking-finance/3340389/xact-kapitalforvaltning-ab-takes-position-in-grand-canyon-education-inc-lope.html.
Grand Canyon Education Profile
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.
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).
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.