Grand Canyon Education, Inc. $LOPE Stock Holdings Lowered by Strs Ohio

Strs Ohio cut its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 93.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 665 shares of the company’s stock after selling 9,317 shares during the quarter. Strs Ohio’s holdings in Grand Canyon Education were worth $146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Grand Canyon Education in the third quarter valued at approximately $29,000. Manning & Napier Advisors LLC acquired a new position in shares of Grand Canyon Education during the third quarter worth approximately $32,000. True Wealth Design LLC grew its holdings in Grand Canyon Education by 46.0% in the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after buying an additional 64 shares in the last quarter. IFP Advisors Inc grew its holdings in Grand Canyon Education by 2,172.7% in the 2nd quarter. IFP Advisors Inc now owns 250 shares of the company’s stock worth $47,000 after buying an additional 239 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its position in Grand Canyon Education by 5,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock valued at $50,000 after acquiring an additional 224 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOPE. Barrington Research reiterated an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, January 22nd. Weiss Ratings cut shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Trading Down 6.1%

Shares of Grand Canyon Education stock opened at $164.53 on Wednesday. Grand Canyon Education, Inc. has a 52 week low of $149.83 and a 52 week high of $223.04. The stock has a market cap of $4.60 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.16 and a beta of 0.74. The company’s 50-day moving average price is $167.53 and its two-hundred day moving average price is $185.15.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.78 earnings per share for the quarter, meeting the consensus estimate of $1.78. Grand Canyon Education had a net margin of 19.38% and a return on equity of 32.41%. The company had revenue of $261.14 million during the quarter, compared to analyst estimates of $259.97 million. During the same quarter last year, the firm posted $1.48 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

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.