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

JPMorgan Chase & Co. decreased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.7% during the 3rd quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mather Group LLC. acquired a new stake in shares of Grand Canyon Education in the 3rd quarter valued at approximately $29,000. Manning & Napier Advisors LLC acquired a new position in Grand Canyon Education during the third quarter worth $32,000. True Wealth Design LLC increased its holdings in Grand Canyon Education by 46.0% during the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after buying an additional 64 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Grand Canyon Education during the third quarter worth $48,000. Finally, Financial Life Planners bought a new stake in Grand Canyon Education during the third quarter worth $49,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

LOPE stock opened at $162.35 on Friday. Grand Canyon Education, Inc. has a one year low of $149.37 and a one year high of $223.04. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.07 and a beta of 0.72. The company has a fifty day moving average price of $167.27 and a two-hundred day moving average price of $179.38.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.02. The company had revenue of $308.12 million for the quarter, compared to analyst estimates of $307.92 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.95 earnings per share. Research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LOPE has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Barrington Research reiterated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.