GW&K Investment Management LLC increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 15.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 736,524 shares of the company’s stock after buying an additional 99,320 shares during the quarter. Grand Canyon Education comprises approximately 1.1% of GW&K Investment Management LLC’s portfolio, making the stock its 8th biggest position. GW&K Investment Management LLC owned about 2.63% of Grand Canyon Education worth $122,493,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of LOPE. Norges Bank purchased a new position in Grand Canyon Education in the 4th quarter worth about $61,919,000. William Blair Investment Management LLC raised its position in Grand Canyon Education by 281.9% in the 4th quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock worth $75,362,000 after buying an additional 334,486 shares during the last quarter. Reinhart Partners LLC. raised its position in Grand Canyon Education by 135.3% in the 4th quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after buying an additional 298,409 shares during the last quarter. UBS Group AG raised its position in Grand Canyon Education by 523.1% in the 4th quarter. UBS Group AG now owns 194,634 shares of the company’s stock worth $32,370,000 after buying an additional 163,397 shares during the last quarter. Finally, M&T Bank Corp raised its position in Grand Canyon Education by 5,029.2% in the 4th quarter. M&T Bank Corp now owns 138,077 shares of the company’s stock worth $22,964,000 after buying an additional 135,385 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on LOPE. Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Barrington Research reissued an “outperform” rating and issued a $230.00 target price 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 report on Thursday, June 4th. Finally, Truist Financial set a $100.00 target price on Grand Canyon Education in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $180.00.
Grand Canyon Education Stock Up 0.7%
Grand Canyon Education stock opened at $149.65 on Wednesday. The business has a 50-day simple moving average of $163.05 and a two-hundred day simple moving average of $164.59. The company has a market cap of $3.97 billion, a P/E ratio of 18.71, a P/E/G ratio of 0.97 and a beta of 0.56. Grand Canyon Education, Inc. has a 52-week low of $145.00 and a 52-week high of $223.04.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.08. The business had revenue of $308.76 million during 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%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.57 EPS. Research analysts anticipate that Grand Canyon Education, Inc. will post 10.22 EPS for the current fiscal year.
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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