Grand Canyon Education, Inc. $LOPE Shares Sold by Capital Research Global Investors

Capital Research Global Investors trimmed its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 426,644 shares of the company’s stock after selling 9,377 shares during the period. Capital Research Global Investors owned about 1.53% of Grand Canyon Education worth $70,955,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LOPE. International Assets Investment Management LLC acquired a new stake in Grand Canyon Education in the 4th quarter worth about $25,000. Larson Financial Group LLC boosted its holdings in Grand Canyon Education by 70.7% in the 4th 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% in the 4th 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 acquired a new stake in Grand Canyon Education in the 3rd quarter worth about $48,000. Finally, Financial Life Planners acquired a new stake in Grand Canyon Education in the 3rd quarter worth about $49,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

LOPE opened at $148.59 on Tuesday. The company’s 50 day simple moving average is $163.39 and its two-hundred day simple moving average is $164.67. Grand Canyon Education, Inc. has a 1-year low of $145.00 and a 1-year high of $223.04. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.00 and a beta of 0.56.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on LOPE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Barrington Research reiterated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Grand Canyon Education has a consensus rating of “Moderate Buy” and a consensus 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.