1,830 Shares in Grand Canyon Education, Inc. $LOPE Acquired by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC has acquired 1,830 shares of Grand Canyon Education, Inc. (NASDAQ: LOPE), valued at approximately $317,000, marking a new investment in the company.
• Institutional investors hold 94.17% of Grand Canyon Education's stock, highlighting strong institutional interest alongside significant increases in holdings from firms like GAMMA Investing LLC and Allianz Asset Management GmbH.
• The company's recent earnings report showed $1.53 EPS, surpassing expectations, with a year-over-year revenue growth of 8.8%.

Evergreen Capital Management LLC bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,830 shares of the company's stock, valued at approximately $317,000.

Other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC bought a new position in Grand Canyon Education in the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Grand Canyon Education in the first quarter worth about $35,000. WPG Advisers LLC bought a new position in shares of Grand Canyon Education in the first quarter worth about $44,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Grand Canyon Education by 58.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock worth $45,000 after buying an additional 96 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Grand Canyon Education by 107.8% in the first quarter. UMB Bank n.a. now owns 318 shares of the company's stock worth $55,000 after buying an additional 165 shares during the period. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Down 0.4%

NASDAQ LOPE traded down $0.86 during trading on Friday, hitting $204.28. 171,092 shares of the stock traded hands, compared to its average volume of 246,975. The company has a market capitalization of $5.74 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.50 and a beta of 0.80. The firm has a 50-day simple moving average of $185.79 and a 200-day simple moving average of $183.06. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $207.22.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.16. The business had revenue of $247.50 million during the quarter, compared to analysts' expectations of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 EPS. As a group, research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on LOPE. Barrington Research reaffirmed an "outperform" rating and issued a $215.00 price objective on shares of Grand Canyon Education in a research note on Thursday, August 7th. BMO Capital Markets cut their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research report on Monday, July 7th. Finally, Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $203.67.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.