Teacher Retirement System of Texas Trims Stock Position in Grand Canyon Education, Inc. $LOPE

Teacher Retirement System of Texas trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 68.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,719 shares of the company’s stock after selling 25,667 shares during the period. Teacher Retirement System of Texas’ holdings in Grand Canyon Education were worth $2,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Summit Global Investments raised its stake in Grand Canyon Education by 39.6% in the 2nd quarter. Summit Global Investments now owns 12,190 shares of the company’s stock valued at $2,304,000 after purchasing an additional 3,460 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Grand Canyon Education by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 296,110 shares of the company’s stock worth $55,965,000 after purchasing an additional 49,562 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of Grand Canyon Education during the second quarter worth about $852,000. Acadian Asset Management LLC raised its position in shares of Grand Canyon Education by 35.5% in the second quarter. Acadian Asset Management LLC now owns 258,647 shares of the company’s stock valued at $48,868,000 after buying an additional 67,782 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Grand Canyon Education in the second quarter valued at approximately $235,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 1.4%

Shares of Grand Canyon Education stock opened at $172.54 on Friday. The business’s fifty day moving average price is $166.68 and its 200 day moving average price is $184.94. Grand Canyon Education, Inc. has a twelve month low of $149.83 and a twelve month high of $223.04. The stock has a market capitalization of $4.83 billion, a P/E ratio of 23.25, a PEG ratio of 1.15 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.78 EPS for the quarter, hitting analysts’ consensus estimates of $1.78. The company had revenue of $261.14 million for the quarter, compared to the consensus estimate of $259.97 million. Grand Canyon Education had a return on equity of 32.41% and a net margin of 19.38%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business 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. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on LOPE shares. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research cut Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings lowered Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Finally, Barrington Research reiterated an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

About Grand Canyon Education

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.