Gw&k Investment Management buys $66,529,282 stake in Grand Canyon Education Inc (LOPE)

Grand Canyon Education Inc (LOPE) : Gw&k Investment Management scooped up 63,276 additional shares in Grand Canyon Education Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 1,505,528 shares of Grand Canyon Education Inc which is valued at $66,529,282.Grand Canyon Education Inc makes up approximately 1.46% of Gw&k Investment Management’s portfolio.

Grand Canyon Education Inc opened for trading at $43.6 and hit $44.54 on the upside on Friday, eventually ending the session at $44.19, with a gain of 1.73% or 0.75 points. The heightened volatility saw the trading volume jump to 2,34,258 shares. Company has a market cap of $2,054 M.

Other Hedge Funds, Including , Handelsinvest Investeringsforvaltning boosted its stake in LOPE in the latest quarter, The investment management firm added 2,350 additional shares and now holds a total of 169,800 shares of Grand Canyon Education Inc which is valued at $7,503,462. Grand Canyon Education Inc makes up approx 2.50% of Handelsinvest Investeringsforvaltning’s portfolio. 1st Global Advisors added LOPE to its portfolio by purchasing 4,919 company shares during the most recent quarter which is valued at $214,075. Grand Canyon Education Inc makes up approx 0.03% of 1st Global Advisors’s portfolio. Integrated Investment Consultants added LOPE to its portfolio by purchasing 2,005 company shares during the most recent quarter which is valued at $87,258. Grand Canyon Education Inc makes up approx 0.05% of Integrated Investment Consultants’s portfolio.Conestoga Capital Advisors boosted its stake in LOPE in the latest quarter, The investment management firm added 137,230 additional shares and now holds a total of 677,419 shares of Grand Canyon Education Inc which is valued at $28,722,566. Grand Canyon Education Inc makes up approx 1.99% of Conestoga Capital Advisors’s portfolio.

On the company’s financial health, Grand Canyon Education Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.79. The company had revenue of $215.95 million for the quarter, compared to analysts expectations of $211.85 million. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Grand Canyon Education Inc. Grand Canyon Education Inc was Upgraded by Credit Suisse to ” Outperform” on Mar 7, 2016. Grand Canyon Education Inc was Initiated by Credit Suisse to “Neutral” on Feb 3, 2016.

Grand Canyon Education Inc. is engaged in the provision of postsecondary education. The Company is comprehensive regionally accredited university that offers 160 graduate and undergraduate degree programs through its eight colleges both online and on ground at its approximately 205 acre campus in Phoenix Arizona and onsite at facilities it leases and at facilities owned by third-party employers. The Company offers the degrees of Doctor of Education Doctor of Business Administration Doctor of Philosophy Master of Arts Master of Education Master of Business Administration and Executive Master of Business Administration Master of Public Administration Master of Public Health Master of Science Bachelor of Arts and Bachelor of Science and a range of programs for its degrees. It also offers certificate programs which consist of a series of courses focused on a particular area of study.

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