BI Asset Management Fondsmaeglerselskab A S Acquires Shares of 7,948 Grand Canyon Education, Inc. $LOPE

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,948 shares of the company’s stock, valued at approximately $1,322,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOPE. NewEdge Advisors LLC lifted its position in shares of Grand Canyon Education by 4,339.5% during the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after purchasing an additional 1,866 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Grand Canyon Education by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock valued at $19,985,000 after purchasing an additional 15,019 shares during the period. Empowered Funds LLC grew its stake in Grand Canyon Education by 2.1% in the first quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after purchasing an additional 161 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Grand Canyon Education by 7.3% in 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 purchasing an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC grew its stake 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 valued at $6,462,000 after purchasing an additional 22,812 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $149.65 on Wednesday. The firm has a market capitalization of $3.97 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 0.97 and a beta of 0.56. The firm’s 50-day moving average is $163.05 and its two-hundred day moving average is $164.59. Grand Canyon Education, Inc. has a 1 year low of $145.00 and a 1 year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. The company had revenue of $308.76 million for the quarter, compared to analyst estimates of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.57 earnings per share. Analysts expect that Grand Canyon Education, Inc. will post 10.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial set a $100.00 price target on Grand Canyon Education in a research note on Tuesday. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, April 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday, June 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.00.

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.