Fort Washington Investment Advisors Inc. OH Grows Position in Grand Canyon Education, Inc. $LOPE

Fort Washington Investment Advisors Inc. OH increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPEFree Report) by 61.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 251,546 shares of the company’s stock after purchasing an additional 95,470 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Grand Canyon Education were worth $42,770,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in shares of Grand Canyon Education by 252.6% in the fourth quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock worth $2,676,000 after acquiring an additional 11,538 shares during the period. American Century Companies Inc. lifted its position in Grand Canyon Education by 180.2% during the third quarter. American Century Companies Inc. now owns 175,966 shares of the company’s stock valued at $38,628,000 after purchasing an additional 113,176 shares during the period. CWA Asset Management Group LLC purchased a new stake in Grand Canyon Education in the fourth quarter worth approximately $1,338,000. Harbor Capital Advisors Inc. grew its position in Grand Canyon Education by 83.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,257 shares of the company’s stock worth $3,535,000 after purchasing an additional 9,701 shares during the period. Finally, Algert Global LLC grew its position in Grand Canyon Education by 27.9% in the 3rd quarter. Algert Global LLC now owns 144,985 shares of the company’s stock worth $31,827,000 after purchasing an additional 31,614 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 1.6%

LOPE opened at $145.26 on Friday. The firm’s 50 day simple moving average is $156.56 and its two-hundred day simple moving average is $163.48. The company has a market capitalization of $3.85 billion, a PE ratio of 18.16, a PEG ratio of 0.96 and a beta of 0.56. Grand Canyon Education, Inc. has a 1-year low of $140.02 and a 1-year high of $223.04.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 EPS. Equities analysts forecast that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LOPE has been the topic of several research analyst reports. Truist Financial set a $100.00 price target on Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Barrington Research reiterated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research report on Thursday, April 16th. Finally, Weiss Ratings downgraded Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Grand Canyon Education currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.00.

Get Our Latest Stock Report on Grand Canyon Education

Grand Canyon Education Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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