Algert Global LLC raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 46.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,265 shares of the company's stock after purchasing an additional 49,394 shares during the quarter. Algert Global LLC owned about 0.60% of Grand Canyon Education worth $22,220,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also bought and sold shares of the stock. Crown Advisors Management Inc. acquired a new stake in Grand Canyon Education in the second quarter worth approximately $5,009,000. UBS Group AG increased its position in shares of Grand Canyon Education by 523.1% during the 4th quarter. UBS Group AG now owns 194,634 shares of the company's stock valued at $32,370,000 after purchasing an additional 163,397 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Grand Canyon Education during the 2nd quarter valued at $148,667,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Grand Canyon Education in the 2nd quarter worth $7,980,000. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Grand Canyon Education by 17.2% in the fourth quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company's stock valued at $102,010,000 after buying an additional 90,070 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on LOPE shares. BMO Capital Markets lowered their target price on Grand Canyon Education from $198.00 to $185.00 and set an "outperform" rating on the stock in a report on Monday, July 6th. Wall Street Zen cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a report on Tuesday, June 9th. Weiss Ratings lowered shares of Grand Canyon Education from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 25th. Finally, Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a 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. According to data from MarketBeat, Grand Canyon Education has an average rating of "Moderate Buy" and a consensus target price of $161.67.
Check Out Our Latest Stock Report on Grand Canyon Education
Grand Canyon Education Trading Up 0.1%
Shares of LOPE opened at $147.66 on Tuesday. The business's 50-day moving average price is $146.20 and its 200 day moving average price is $156.83. The stock has a market capitalization of $3.85 billion, a P/E ratio of 17.85, a P/E/G ratio of 0.96 and a beta of 0.57. 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 posted its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.14. The company had revenue of $264.05 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.53 earnings per share. On average, research analysts predict that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current year.
About Grand Canyon Education
(
Free Report)
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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