Grand Canyon Education, Inc. $LOPE Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 63.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,414 shares of the company’s stock after selling 23,040 shares during the period. SG Americas Securities LLC’s holdings in Grand Canyon Education were worth $2,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC increased its stake in Grand Canyon Education by 109.4% during the 4th quarter. Hsbc Holdings PLC now owns 25,905 shares of the company’s stock valued at $4,308,000 after buying an additional 13,535 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Grand Canyon Education by 343.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 479 shares of the company’s stock valued at $80,000 after purchasing an additional 371 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Grand Canyon Education by 24.6% during the 4th quarter. Corient Private Wealth LLC now owns 10,109 shares of the company’s stock valued at $1,681,000 after purchasing an additional 1,999 shares in the last quarter. Bayban acquired a new position in shares of Grand Canyon Education in the 4th quarter worth approximately $37,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Grand Canyon Education by 525.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 225 shares of the company’s stock worth $37,000 after purchasing an additional 189 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $148.30 on Thursday. The firm has a 50 day simple moving average of $154.79 and a 200 day simple moving average of $163.31. The company has a market cap of $3.93 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.95 and a beta of 0.57. Grand Canyon Education, Inc. has a 52 week low of $140.02 and a 52 week 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, topping 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 business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $2.57 EPS. On average, equities analysts predict that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. 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 research report on Thursday, June 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Finally, Barrington Research reiterated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Grand Canyon Education has a consensus rating of “Moderate Buy” and an average price target of $180.00.

Grand Canyon Education Company 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.