Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Free Report) have been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $171.6667.
Several brokerages recently weighed in on LOPE. Weiss Ratings cut shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets dropped their price objective on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Barrington Research restated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th.
View Our Latest Stock Report on LOPE
Grand Canyon Education Trading Down 1.5%
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.08. The company had revenue of $308.76 million for the quarter, compared to the consensus estimate of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.Grand Canyon Education’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.57 EPS. Equities analysts forecast that Grand Canyon Education will post 10.04 EPS for the current year.
Hedge Funds Weigh In On Grand Canyon Education
Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in shares of Grand Canyon Education by 4,339.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after acquiring an additional 1,866 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Grand Canyon Education by 14.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock valued at $19,985,000 after acquiring an additional 15,019 shares during the last quarter. Empowered Funds LLC raised its position in shares of Grand Canyon Education by 2.1% during the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock worth $1,371,000 after acquiring an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Grand Canyon Education by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock worth $21,318,000 after acquiring an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Grand Canyon Education by 156.9% during the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock worth $6,462,000 after acquiring an additional 22,812 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.
Grand Canyon Education Company 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.
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