Grand Canyon Education, Inc. $LOPE Stock Holdings Boosted by Erste Asset Management GmbH

Erste Asset Management GmbH raised its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 72.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,043 shares of the company’s stock after purchasing an additional 14,277 shares during the quarter. Erste Asset Management GmbH’s holdings in Grand Canyon Education were worth $5,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOPE. Norges Bank bought a new stake in shares of Grand Canyon Education during the 4th quarter worth $61,919,000. William Blair Investment Management LLC boosted its stake in shares of Grand Canyon Education by 281.9% during the 4th quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock worth $75,362,000 after acquiring an additional 334,486 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of Grand Canyon Education by 135.3% during the 4th quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after acquiring an additional 298,409 shares in the last quarter. UBS Group AG boosted its stake in shares of Grand Canyon Education by 523.1% during the 4th quarter. UBS Group AG now owns 194,634 shares of the company’s stock worth $32,370,000 after acquiring an additional 163,397 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Grand Canyon Education by 5,029.2% during the 4th quarter. M&T Bank Corp now owns 138,077 shares of the company’s stock worth $22,964,000 after acquiring an additional 135,385 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LOPE shares. BMO Capital Markets reissued an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. 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 price objective on Grand Canyon Education in a research note on Tuesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.00.

Grand Canyon Education Stock Up 0.7%

LOPE opened at $149.65 on Wednesday. The stock has a fifty day moving average of $163.05 and a 200-day moving average of $164.59. The firm has a market capitalization of $3.97 billion, a P/E ratio of 18.71, a PEG ratio of 0.97 and a beta of 0.56. Grand Canyon Education, Inc. has a 12-month low of $145.00 and a 12-month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last released its 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 company 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 company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.57 earnings per share. On average, analysts expect that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.

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.