Hsbc Holdings PLC increased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 109.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,905 shares of the company’s stock after acquiring an additional 13,535 shares during the period. Hsbc Holdings PLC’s holdings in Grand Canyon Education were worth $4,308,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC grew its position in Grand Canyon Education by 15.6% during the 4th quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock worth $122,493,000 after acquiring an additional 99,320 shares during the last quarter. AQR Capital Management LLC lifted its position in Grand Canyon Education by 30.9% in the fourth quarter. AQR Capital Management LLC now owns 649,269 shares of the company’s stock valued at $107,980,000 after purchasing an additional 153,189 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of 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 purchasing an additional 90,070 shares during the period. Geode Capital Management LLC grew its holdings in shares of Grand Canyon Education by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 578,110 shares of the company’s stock worth $96,163,000 after purchasing an additional 26,593 shares during the last quarter. Finally, Reinhart Partners LLC. grew its holdings in shares of Grand Canyon Education by 135.3% in the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after purchasing an additional 298,409 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.
Grand Canyon Education Price Performance
Shares of LOPE opened at $145.26 on Friday. The company has a 50-day simple moving average of $156.56 and a two-hundred day simple moving average of $163.48. The firm has a market capitalization of $3.85 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 0.96 and a beta of 0.56. Grand Canyon Education, Inc. has a one year low of $140.02 and a one year high of $223.04.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. Truist Financial set a $100.00 target price on Grand Canyon Education in a research note on Tuesday, June 9th. Barrington Research restated an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, April 16th. Finally, Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Grand Canyon Education currently has an average rating of “Moderate Buy” and a consensus price target of $180.00.
Read Our Latest Report on Grand Canyon Education
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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