Engineers Gate Manager LP lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 37.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,565 shares of the company's stock after acquiring an additional 12,744 shares during the period. Engineers Gate Manager LP owned 0.18% of Grand Canyon Education worth $6,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of LOPE. International Assets Investment Management LLC acquired a new position in Grand Canyon Education during the fourth quarter worth $25,000. Larson Financial Group LLC grew its holdings in shares of Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company's stock worth $26,000 after purchasing an additional 65 shares during the period. Toronto Dominion Bank purchased a new position in shares of Grand Canyon Education during the 4th quarter worth $26,000. Financial Life Planners acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth about $33,000. Finally, Leonteq Securities AG increased 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 worth $33,000 after purchasing an additional 64 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have commented on LOPE shares. Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Barrington Research set a $200.00 price objective on shares of Grand Canyon Education in a report on Friday, July 31st. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. BMO Capital Markets dropped their target price on shares of Grand Canyon Education from $198.00 to $185.00 and set an "outperform" rating for the company in a report on Monday, July 6th. Finally, Weiss Ratings lowered Grand Canyon Education from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $161.67.
Read Our Latest Report on Grand Canyon Education
Grand Canyon Education Price Performance
Shares of NASDAQ:LOPE opened at $151.20 on Friday. The firm has a market capitalization of $3.94 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.99 and a beta of 0.58. The firm's 50-day moving average is $147.86 and its two-hundred day moving average is $155.63. Grand Canyon Education, Inc. has a 1 year low of $134.27 and a 1 year high of $223.04.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.14. The business had revenue of $264.05 million for the quarter, compared to analysts' expectations of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The business's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. Analysts expect that Grand Canyon Education, Inc. will post 10.22 EPS for the current fiscal year.
Grand Canyon Education Profile
(
Free Report)
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.
Further Reading
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