SG Americas Securities LLC Acquires 33,313 Shares of Grand Canyon Education, Inc. $LOPE

SG Americas Securities LLC increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1,060.6% in the 4th quarter, HoldingsChannel reports. The firm owned 36,454 shares of the company’s stock after acquiring an additional 33,313 shares during the period. SG Americas Securities LLC’s holdings in Grand Canyon Education were worth $6,063,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $29,000. Manning & Napier Advisors LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter valued at $32,000. True Wealth Design LLC increased its stake in shares of Grand Canyon Education by 46.0% in the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after acquiring an additional 64 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Grand Canyon Education during the 3rd quarter valued at $48,000. Finally, Financial Life Planners bought a new position in Grand Canyon Education during the third quarter worth $49,000. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Stock Up 1.2%

Shares of LOPE opened at $170.03 on Wednesday. The business’s fifty day moving average is $166.01 and its 200 day moving average is $177.36. Grand Canyon Education, Inc. has a 12-month low of $149.37 and a 12-month high of $223.04. The stock has a market cap of $4.61 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.11 and a beta of 0.72.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The business had revenue of $308.12 million during the quarter, compared to analyst estimates of $307.92 million. During the same quarter in the previous year, the business posted $2.95 EPS. Grand Canyon Education’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on LOPE. Barrington Research restated an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, February 19th. Weiss Ratings lowered shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Grand Canyon Education has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.