Precision Wealth Strategies LLC purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,825 shares of the company’s stock, valued at approximately $840,000.
Several other institutional investors have also recently made changes to their positions in LOPE. Burgundy Asset Management Ltd. grew its stake in shares of Grand Canyon Education by 3.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 982,698 shares of the company’s stock valued at $185,730,000 after buying an additional 36,546 shares during the period. AQR Capital Management LLC boosted its holdings in Grand Canyon Education by 3.5% in the second quarter. AQR Capital Management LLC now owns 597,567 shares of the company’s stock worth $112,940,000 after acquiring an additional 20,485 shares in the last quarter. Invesco Ltd. grew its stake in Grand Canyon Education by 57.5% in the second quarter. Invesco Ltd. now owns 560,068 shares of the company’s stock valued at $105,853,000 after acquiring an additional 204,582 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Grand Canyon Education by 12.9% during the second quarter. Los Angeles Capital Management LLC now owns 407,282 shares of the company’s stock valued at $76,976,000 after acquiring an additional 46,457 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Grand Canyon Education by 1.7% during the second quarter. Allianz Asset Management GmbH now owns 392,672 shares of the company’s stock worth $74,215,000 after purchasing an additional 6,428 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.
Grand Canyon Education Price Performance
LOPE opened at $168.16 on Friday. Grand Canyon Education, Inc. has a fifty-two week low of $149.83 and a fifty-two week high of $223.04. The firm has a market capitalization of $4.70 billion, a P/E ratio of 22.66, a PEG ratio of 1.24 and a beta of 0.78. The company’s 50-day moving average is $173.69 and its 200 day moving average is $186.81.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research cut shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grand Canyon Education in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.
Get Our Latest Analysis on LOPE
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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