Grand Canyon Education, Inc. $LOPE Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 968.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,403 shares of the company’s stock after buying an additional 3,991 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Grand Canyon Education were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in LOPE. International Assets Investment Management LLC purchased a new stake in Grand Canyon Education in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC raised its position in Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Hantz Financial Services Inc. raised its position in Grand Canyon Education by 98.2% in the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock valued at $36,000 after purchasing an additional 108 shares during the period. Employees Retirement System of Texas purchased a new stake in Grand Canyon Education in the third quarter valued at approximately $48,000. Finally, Financial Life Planners purchased a new stake in Grand Canyon Education in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LOPE shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $148.59 on Tuesday. Grand Canyon Education, Inc. has a one year low of $145.00 and a one year high of $223.04. The company has a market cap of $3.94 billion, a PE ratio of 18.57, a P/E/G ratio of 1.00 and a beta of 0.56. The business has a 50-day simple moving average of $163.39 and a 200-day simple moving average of $164.67.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. The business had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 earnings per share. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.

Grand Canyon Education Company 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.