Inspire Investing LLC boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 811.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,794 shares of the company’s stock after buying an additional 16,731 shares during the quarter. Inspire Investing LLC owned 0.07% of Grand Canyon Education worth $3,126,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. GW&K Investment Management LLC boosted its stake in Grand Canyon Education by 15.6% during the fourth quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock valued at $122,493,000 after buying an additional 99,320 shares in the last quarter. AQR Capital Management LLC boosted its stake in Grand Canyon Education by 30.9% during the fourth quarter. AQR Capital Management LLC now owns 649,269 shares of the company’s stock valued at $107,980,000 after buying an additional 153,189 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Grand Canyon Education by 17.2% during the fourth quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock valued at $102,010,000 after buying an additional 90,070 shares in the last quarter. Geode Capital Management LLC boosted its stake in Grand Canyon Education by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 578,110 shares of the company’s stock valued at $96,163,000 after buying an additional 26,593 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its stake in Grand Canyon Education by 135.3% during the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock valued at $86,303,000 after buying an additional 298,409 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on LOPE shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. Finally, Truist Financial set a $100.00 target price on Grand Canyon Education in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $180.00.
Grand Canyon Education Stock Down 1.3%
Shares of NASDAQ LOPE opened at $142.46 on Thursday. Grand Canyon Education, Inc. has a 12 month low of $140.94 and a 12 month high of $223.04. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 0.96 and a beta of 0.56. The business has a fifty day simple moving average of $160.16 and a 200-day simple moving average of $164.16.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same period in the prior year, the business posted $2.57 earnings per share. Grand Canyon Education’s revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 10.04 EPS for the current fiscal year.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc provides a suite of higherâeducation 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 nonâtraditional learners.
Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.
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