Lazard Asset Management LLC trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 39.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,154 shares of the company’s stock after selling 5,943 shares during the period. Lazard Asset Management LLC’s holdings in Grand Canyon Education were worth $1,556,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Grand Canyon Education during the fourth quarter worth about $25,000. Toronto Dominion Bank purchased a new position in Grand Canyon Education in the fourth quarter valued at about $26,000. Larson Financial Group LLC boosted its stake in Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Leonteq Securities AG grew its position in shares of Grand Canyon Education by 48.9% during the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after acquiring an additional 64 shares during the period. Finally, Financial Life Planners bought a new position in shares of Grand Canyon Education during the 1st quarter valued at approximately $33,000. 94.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
LOPE has been the topic of a number of research reports. 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. Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday. Barrington Research set a $200.00 target price on Grand Canyon Education in a research report on Friday. Truist Financial set a $100.00 target price on Grand Canyon Education in a research note on Tuesday, June 9th. Finally, BMO Capital Markets dropped their price target on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.
Grand Canyon Education Stock Down 0.1%
NASDAQ LOPE opened at $150.80 on Wednesday. The firm has a market cap of $3.93 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 0.98 and a beta of 0.57. The company’s 50 day moving average is $147.18 and its 200-day moving average is $159.73. Grand Canyon Education, Inc. has a 12-month low of $134.27 and a 12-month high of $223.04.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.67 by $0.14. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The company had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. During the same period last year, the firm earned $1.53 EPS. Grand Canyon Education’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts expect that Grand Canyon Education, Inc. will post 10.24 EPS for the current year.
Grand Canyon Education 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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