SG Americas Securities LLC trimmed its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 63.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 13,414 shares of the company’s stock after selling 23,040 shares during the quarter. SG Americas Securities LLC’s holdings in Grand Canyon Education were worth $2,281,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in shares of Grand Canyon Education by 252.6% during the 4th quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock worth $2,676,000 after purchasing an additional 11,538 shares during the last quarter. American Century Companies Inc. boosted its holdings in Grand Canyon Education by 180.2% in the third quarter. American Century Companies Inc. now owns 175,966 shares of the company’s stock worth $38,628,000 after purchasing an additional 113,176 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Grand Canyon Education in the fourth quarter worth $1,338,000. Harbor Capital Advisors Inc. increased its position in Grand Canyon Education by 83.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,257 shares of the company’s stock worth $3,535,000 after buying an additional 9,701 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Grand Canyon Education by 27.9% during the third quarter. Algert Global LLC now owns 144,985 shares of the company’s stock valued at $31,827,000 after buying an additional 31,614 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on LOPE. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, April 16th. BMO Capital Markets reissued an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. Weiss Ratings lowered Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Finally, Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $180.00.
Grand Canyon Education Stock Performance
Shares of NASDAQ:LOPE opened at $148.30 on Thursday. The company has a market cap of $3.93 billion, a P/E ratio of 18.54, a P/E/G ratio of 0.95 and a beta of 0.57. The stock’s 50-day moving average is $154.79 and its 200-day moving average is $163.31. Grand Canyon Education, Inc. has a 52-week low of $140.02 and a 52-week high of $223.04.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $307.75 million. During the same period in the previous year, the company posted $2.57 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities analysts predict that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.
About Grand Canyon Education
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.
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