4,909 Shares in Grand Canyon Education, Inc. $LOPE Purchased by Novem Group

Novem Group acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,909 shares of the company’s stock, valued at approximately $816,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LOPE. Mather Group LLC. purchased a new stake in shares of Grand Canyon Education in the 3rd quarter worth approximately $29,000. Manning & Napier Advisors LLC purchased a new position in Grand Canyon Education during the third quarter valued at $32,000. True Wealth Design LLC boosted its holdings in Grand Canyon Education by 46.0% in the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after acquiring an additional 64 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Grand Canyon Education in the third quarter worth $48,000. Finally, Financial Life Planners purchased a new stake in shares of Grand Canyon Education in the third quarter worth $49,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $173.63 on Wednesday. Grand Canyon Education, Inc. has a one year low of $149.37 and a one year high of $223.04. The stock has a fifty day moving average of $165.46 and a 200 day moving average of $172.88. The stock has a market cap of $4.71 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.67.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $308.12 million for the quarter, compared to the consensus estimate of $307.92 million. During the same period last year, the firm earned $2.95 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 10.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on LOPE shares. Barrington Research restated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education 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.