Security National Bank of Sioux City Iowa IA lifted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 37.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,074 shares of the company’s stock after purchasing an additional 4,145 shares during the period. Security National Bank of Sioux City Iowa IA owned 0.06% of Grand Canyon Education worth $2,157,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amundi increased its stake in Grand Canyon Education by 12.5% in the 2nd quarter. Amundi now owns 94,133 shares of the company’s stock valued at $13,471,000 after buying an additional 10,441 shares during the last quarter. Engineers Gate Manager LP boosted its stake in shares of Grand Canyon Education by 37.7% in the 2nd quarter. Engineers Gate Manager LP now owns 46,565 shares of the company’s stock worth $6,664,000 after buying an additional 12,744 shares during the last quarter. Crown Advisors Management Inc. bought a new position in shares of Grand Canyon Education in the second quarter valued at approximately $5,009,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Grand Canyon Education in the second quarter valued at approximately $1,628,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of Grand Canyon Education during the second quarter valued at approximately $148,667,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.
Grand Canyon Education Trading Down 0.7%
Shares of LOPE stock traded down $1.14 on Friday, hitting $151.27. 570,737 shares of the stock were exchanged, compared to its average volume of 311,292. The firm has a market capitalization of $3.94 billion, a PE ratio of 18.29, a P/E/G ratio of 1.00 and a beta of 0.58. Grand Canyon Education, Inc. has a one year low of $134.27 and a one year high of $223.04. The firm’s 50 day moving average is $147.97 and its two-hundred day moving average is $155.51.
Wall Street Analyst Weigh In
LOPE has been the topic of several research analyst reports. Truist Financial set a $100.00 price objective on Grand Canyon Education in a research report on Tuesday, June 9th. BMO Capital Markets decreased their target price on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings downgraded shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Finally, Barrington Research set a $200.00 price target on shares of Grand Canyon Education in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $161.67.
About Grand Canyon Education
Grand Canyon Education, Inc is an education services company that provides technology, operational and support solutions to colleges and universities. Its services are designed to help partner institutions deliver traditional, online and hybrid academic programs while managing student recruitment, enrollment and ongoing support.
The company’s offerings include learning-management and information-technology systems, marketing and student outreach, academic counseling, finance and accounting support, faculty and curriculum services, and data analytics.
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