JPMorgan Chase & Co. Sells 3,314 Shares of Grand Canyon Education, Inc. $LOPE

JPMorgan Chase & Co. lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,400 shares of the company’s stock after selling 3,314 shares during the period. JPMorgan Chase & Co.’s holdings in Grand Canyon Education were worth $42,016,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Grand Canyon Education by 4,339.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock valued at $330,000 after purchasing an additional 1,866 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Grand Canyon Education by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock worth $19,985,000 after buying an additional 15,019 shares during the last quarter. Empowered Funds LLC grew its position in Grand Canyon Education by 2.1% during the first quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after buying an additional 161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Grand Canyon Education by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock valued at $21,318,000 after buying an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Grand Canyon Education by 156.9% in the first quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock worth $6,462,000 after acquiring an additional 22,812 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $159.85 on Friday. The stock has a fifty day simple moving average of $168.93 and a two-hundred day simple moving average of $183.66. The firm has a market capitalization of $4.34 billion, a PE ratio of 20.71, a PEG ratio of 1.04 and a beta of 0.74. Grand Canyon Education, Inc. has a 52-week low of $149.37 and a 52-week high of $223.04.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research report on Thursday, February 19th. Weiss Ratings downgraded Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.