Fort Washington Investment Advisors Inc. OH Boosts Stake in Grand Canyon Education, Inc. $LOPE

Fort Washington Investment Advisors Inc. OH lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 61.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 251,546 shares of the company’s stock after acquiring an additional 95,470 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.93% of Grand Canyon Education worth $42,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in Grand Canyon Education by 70.7% in 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. Orion Porfolio Solutions LLC boosted its holdings in shares of Grand Canyon Education by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock valued at $1,421,000 after buying an additional 65 shares in the last quarter. Burney Co. grew its position in shares of Grand Canyon Education by 1.8% in the 4th quarter. Burney Co. now owns 3,873 shares of the company’s stock worth $644,000 after buying an additional 68 shares during the period. NewEdge Advisors LLC grew its position in shares of Grand Canyon Education by 2.5% in the 3rd quarter. NewEdge Advisors LLC now owns 3,069 shares of the company’s stock worth $674,000 after buying an additional 76 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Grand Canyon Education by 28.1% in the 4th quarter. Allworth Financial LP now owns 369 shares of the company’s stock worth $61,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LOPE shares. Barrington Research reissued an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 16th. Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research note on Tuesday, June 9th. Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.00.

Grand Canyon Education Price Performance

LOPE opened at $145.26 on Friday. The stock has a 50-day moving average price of $156.56 and a 200-day moving average price of $163.48. The firm has a market cap of $3.85 billion, a PE ratio of 18.16, a P/E/G ratio of 0.96 and a beta of 0.56. 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 announced its quarterly earnings data on Thursday, April 30th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.78 by $0.08. The company had revenue of $308.76 million for the quarter, compared to the consensus estimate of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. Grand Canyon Education’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.57 EPS. As a group, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.

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.