Hsbc Holdings PLC Grows Stake in Grand Canyon Education, Inc. $LOPE

Hsbc Holdings PLC raised its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 109.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,905 shares of the company’s stock after buying an additional 13,535 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of Grand Canyon Education worth $4,308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LOPE. International Assets Investment Management LLC purchased a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $25,000. Toronto Dominion Bank purchased a new position in shares of Grand Canyon Education during the fourth quarter worth about $26,000. Larson Financial Group LLC grew its holdings in shares of 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 purchasing an additional 65 shares in the last quarter. Sankala Group LLC bought a new position in shares of Grand Canyon Education in the fourth quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. increased its position in shares of Grand Canyon Education by 98.2% in the fourth 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 last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $145.26 on Friday. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 0.96 and a beta of 0.56. The business has a 50 day moving average of $156.56 and a 200 day moving average of $163.48. Grand Canyon Education, Inc. has a 1-year low of $140.02 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 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.08. The business had revenue of $308.76 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $2.57 earnings per share. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LOPE. Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Barrington Research reissued an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, April 16th. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently 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.