Russell Investments Group Ltd. Sells 5,154 Shares of Grand Canyon Education, Inc. $LOPE

Russell Investments Group Ltd. trimmed its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 53,681 shares of the company’s stock after selling 5,154 shares during the quarter. Russell Investments Group Ltd. owned about 0.19% of Grand Canyon Education worth $10,146,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LOPE. Cetera Investment Advisers raised its stake in Grand Canyon Education by 2.3% in the first quarter. Cetera Investment Advisers now owns 16,216 shares of the company’s stock valued at $2,806,000 after purchasing an additional 371 shares in the last quarter. Natixis Advisors LLC increased its holdings in Grand Canyon Education by 12.3% in the 1st quarter. Natixis Advisors LLC now owns 11,773 shares of the company’s stock valued at $2,037,000 after buying an additional 1,289 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Grand Canyon Education in the 1st quarter valued at approximately $352,000. Advyzon Investment Management LLC acquired a new position in shares of Grand Canyon Education in the 1st quarter valued at approximately $260,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Grand Canyon Education during the 1st quarter worth approximately $270,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $156.65 on Wednesday. Grand Canyon Education, Inc. has a 52-week low of $153.82 and a 52-week high of $223.04. The company has a market capitalization of $4.38 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. The company has a fifty day moving average of $191.50 and a 200-day moving average of $190.83.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $1.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.78. The business had revenue of $261.14 million for the quarter, compared to analyst estimates of $259.97 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.Grand Canyon Education’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. Grand Canyon Education has set its FY 2025 guidance at 9.020-9.13 EPS and its Q4 2025 guidance at 3.130-3.240 EPS. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LOPE. Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research lowered Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Grand Canyon Education in a report on Monday, November 24th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.