New York State Teachers Retirement System raised its stake in Grand Canyon Education Inc (NASDAQ:LOPE) by 75.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,200 shares of the company’s stock after buying an additional 1,800 shares during the quarter. New York State Teachers Retirement System’s holdings in Grand Canyon Education were worth $469,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ostrum Asset Management purchased a new stake in Grand Canyon Education in the 1st quarter valued at $132,000. Wedbush Securities Inc. purchased a new stake in Grand Canyon Education in the 1st quarter valued at $201,000. O Shaughnessy Asset Management LLC purchased a new stake in Grand Canyon Education in the 1st quarter valued at $201,000. V Wealth Management LLC purchased a new stake in Grand Canyon Education in the 2nd quarter valued at $219,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in Grand Canyon Education in the 2nd quarter valued at $233,000. Institutional investors own 94.32% of the company’s stock.

Several analysts have issued reports on the company. BidaskClub upgraded Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research upgraded Grand Canyon Education from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 14th. Barrington Research restated a “buy” rating and issued a $135.00 target price on shares of Grand Canyon Education in a report on Friday, August 10th. Robert W. Baird upped their target price on Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Finally, BMO Capital Markets upped their target price on Grand Canyon Education from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $131.00.

Shares of NASDAQ:LOPE opened at $121.06 on Tuesday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73. Grand Canyon Education Inc has a 52-week low of $78.83 and a 52-week high of $122.19.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The business had revenue of $236.82 million during the quarter, compared to analysts’ expectations of $235.13 million. Grand Canyon Education had a return on equity of 21.38% and a net margin of 22.28%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. equities analysts expect that Grand Canyon Education Inc will post 4.89 earnings per share for the current fiscal year.

Grand Canyon Education Company 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.

Featured Story: How do investors use RSI to grade stocks?

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).

Institutional Ownership by Quarter for Grand Canyon Education (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.