Grand Canyon Education, Inc. $LOPE Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 72.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,043 shares of the company’s stock after purchasing an additional 14,277 shares during the quarter. Erste Asset Management GmbH owned about 0.12% of Grand Canyon Education worth $5,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth approximately $25,000. Larson Financial Group LLC raised its position in shares of Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Hantz Financial Services Inc. raised its position in shares of Grand Canyon Education by 98.2% during the 4th quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares during the period. Employees Retirement System of Texas bought a new position in Grand Canyon Education in the 3rd quarter worth approximately $48,000. Finally, Financial Life Planners bought a new position in Grand Canyon Education in the 3rd quarter worth approximately $49,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $149.65 on Wednesday. Grand Canyon Education, Inc. has a 12-month low of $145.00 and a 12-month high of $223.04. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 0.97 and a beta of 0.56. The business has a 50 day simple moving average of $163.05 and a 200 day simple moving average of $164.59.

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, beating analysts’ consensus estimates of $2.78 by $0.08. The firm had revenue of $308.76 million during the quarter, compared to analyst estimates of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $2.57 EPS. On average, equities analysts anticipate that Grand Canyon Education, Inc. will post 10.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial set a $100.00 price objective on Grand Canyon Education in a report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Barrington Research reissued 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 reissued an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.00.

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.