Bridge City Capital LLC Purchases New Stake in Grand Canyon Education, Inc. $LOPE

Bridge City Capital LLC bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,160 shares of the company’s stock, valued at approximately $2,189,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOPE. International Assets Investment Management LLC bought a new position in Grand Canyon Education during the fourth quarter worth about $25,000. Larson Financial Group LLC boosted its holdings in Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Grand Canyon Education by 98.2% during the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock worth $36,000 after buying an additional 108 shares during the last quarter. Employees Retirement System of Texas bought a new position in Grand Canyon Education during the third quarter worth about $48,000. Finally, Financial Life Planners bought a new position in shares of Grand Canyon Education during the 3rd quarter valued at about $49,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $147.49 on Friday. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.98 and a beta of 0.56. The stock’s 50 day moving average price is $161.87 and its two-hundred day moving average price is $164.36. Grand Canyon Education, Inc. has a 52 week low of $145.00 and a 52 week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.78 by $0.08. The firm had revenue of $308.76 million for the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.57 EPS. On average, equities research analysts forecast that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOPE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Barrington Research reiterated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th. Finally, Truist Financial set a $100.00 price objective on Grand Canyon Education in a report on Tuesday. Three 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, Grand Canyon Education has a consensus rating of “Moderate Buy” and a consensus 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.