8,045 Shares in Grand Canyon Education, Inc. $LOPE Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 8,045 shares of the company’s stock, valued at approximately $1,338,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in shares of Grand Canyon Education during the third quarter valued at about $29,000. Manning & Napier Advisors LLC bought a new position in shares of Grand Canyon Education during the 3rd quarter worth about $32,000. True Wealth Design LLC grew its stake in shares of Grand Canyon Education by 46.0% in the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after buying an additional 64 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Grand Canyon Education in the 3rd quarter valued at about $48,000. Finally, Financial Life Planners bought a new stake in Grand Canyon Education in the 3rd quarter valued at about $49,000. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Trading Down 1.3%

Grand Canyon Education stock opened at $162.35 on Monday. Grand Canyon Education, Inc. has a 1-year low of $149.37 and a 1-year high of $223.04. The firm has a market capitalization 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 firm’s fifty day moving average price is $167.27 and its two-hundred day moving average price is $179.20.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LOPE. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a research note on Thursday, February 19th. Weiss Ratings cut Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and a consensus price target 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.