Grand Canyon Education, Inc. $LOPE Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP lifted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 24.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 391,960 shares of the company’s stock after buying an additional 75,758 shares during the period. Wasatch Advisors LP owned about 1.48% of Grand Canyon Education worth $56,093,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in Grand Canyon Education by 5.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,201 shares of the company’s stock worth $204,000 after acquiring an additional 60 shares during the period. Leonteq Securities AG lifted its holdings in Grand Canyon Education by 48.9% in the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after acquiring an additional 64 shares during the period. Larson Financial Group LLC lifted its holdings 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 acquiring an additional 65 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of Grand Canyon Education by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock worth $1,421,000 after purchasing an additional 65 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its position in shares of Grand Canyon Education by 1.5% during the 1st quarter. Twin Capital Management Inc. now owns 4,632 shares of the company’s stock worth $788,000 after purchasing an additional 67 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Stock Down 1.4%

Grand Canyon Education stock opened at $144.38 on Wednesday. The firm has a market capitalization of $3.76 billion, a PE ratio of 17.46, a P/E/G ratio of 0.95 and a beta of 0.57. Grand Canyon Education, Inc. has a 52 week low of $134.27 and a 52 week high of $223.04. The firm’s 50-day simple moving average is $146.90 and its 200 day simple moving average is $158.66.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.14. The firm had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.53 EPS. On average, research analysts expect that Grand Canyon Education, Inc. will post 10.24 EPS for the current fiscal year.

Analysts Set New Price Targets

LOPE has been the topic of a number of research analyst reports. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets dropped their target price on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday. Barrington Research set a $200.00 price target on Grand Canyon Education in a research note on Friday, July 31st. Finally, Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.67.

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.