Los Angeles Capital Management LLC Decreases Position in Grand Canyon Education, Inc. $LOPE

Los Angeles Capital Management LLC trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 23.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 232,082 shares of the company’s stock after selling 72,486 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Grand Canyon Education were worth $38,598,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LOPE. International Assets Investment Management LLC purchased a new position in Grand Canyon Education during the 4th quarter worth $25,000. Larson Financial Group LLC grew its stake in 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 buying an additional 65 shares during the last quarter. Hantz Financial Services Inc. grew its stake in 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 buying an additional 108 shares during the last quarter. Employees Retirement System of Texas purchased a new position in Grand Canyon Education during the 3rd quarter worth $48,000. Finally, Financial Life Planners purchased a new position in Grand Canyon Education during the 3rd quarter worth $49,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $152.57 on Monday. The stock has a 50-day moving average of $163.81 and a two-hundred day moving average of $164.78. Grand Canyon Education, Inc. has a one year low of $145.00 and a one year high of $223.04. The stock has a market cap of $4.05 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.00 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The company had revenue of $308.76 million during the quarter, compared to analysts’ expectations of $307.75 million. During the same quarter in the previous year, the firm posted $2.57 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Analysts predict that Grand Canyon Education, Inc. will post 10.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LOPE. Barrington Research restated an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday. Two 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, Grand Canyon Education presently 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.