Riverbridge Partners LLC boosted its stake in Grand Canyon Education Inc (NASDAQ:LOPE) by 42.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,714,395 shares of the company’s stock after buying an additional 514,236 shares during the quarter. Grand Canyon Education accounts for approximately 2.9% of Riverbridge Partners LLC’s portfolio, making the stock its biggest position. Riverbridge Partners LLC’s holdings in Grand Canyon Education were worth $164,222,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in Grand Canyon Education in the 2nd quarter valued at $35,000. Quest Capital Management Inc. ADV bought a new position in shares of Grand Canyon Education during the 3rd quarter worth $45,000. Marshall Wace LLP bought a new position in shares of Grand Canyon Education during the 1st quarter worth $77,000. Captrust Financial Advisors grew its stake in shares of Grand Canyon Education by 15.6% during the 2nd quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock worth $96,000 after acquiring an additional 110 shares during the period. Finally, FTB Advisors Inc. grew its stake in shares of Grand Canyon Education by 10.1% during the 4th quarter. FTB Advisors Inc. now owns 1,246 shares of the company’s stock worth $119,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 97.50% of the company’s stock.

Shares of LOPE stock remained flat at $$93.93 on Tuesday. The stock had a trading volume of 406,315 shares, compared to its average volume of 513,853. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.07 and a beta of 0.66. Grand Canyon Education Inc has a 12 month low of $76.48 and a 12 month high of $132.72. The firm has a 50 day moving average price of $92.58 and a 200 day moving average price of $105.38.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 6th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. Grand Canyon Education had a return on equity of 20.50% and a net margin of 34.73%. The business had revenue of $193.30 million during the quarter, compared to the consensus estimate of $191.75 million. During the same quarter last year, the company earned $1.06 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. Sell-side analysts expect that Grand Canyon Education Inc will post 5.49 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Barrington Research set a $145.00 price target on Grand Canyon Education and gave the stock a “buy” rating in a research note on Wednesday, October 9th. BidaskClub downgraded Grand Canyon Education from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets cut their price target on Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $126.25.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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