Grand Canyon Education, Inc. $LOPE Holdings Raised by KBC Group NV

KBC Group NV lifted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1,943.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,449 shares of the company’s stock after purchasing an additional 16,595 shares during the quarter. KBC Group NV’s holdings in Grand Canyon Education were worth $2,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LOPE. NewEdge Advisors LLC raised its holdings in Grand Canyon Education by 4,339.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after buying an additional 1,866 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Grand Canyon Education by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock worth $19,985,000 after buying an additional 15,019 shares during the period. Empowered Funds LLC boosted its holdings in shares of Grand Canyon Education by 2.1% in the first quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock worth $1,371,000 after buying an additional 161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Grand Canyon Education by 7.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock worth $21,318,000 after acquiring an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Grand Canyon Education by 156.9% in the first quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock worth $6,462,000 after acquiring an additional 22,812 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

LOPE stock opened at $139.94 on Friday. The firm has a 50 day simple moving average of $148.23 and a 200 day simple moving average of $160.99. Grand Canyon Education, Inc. has a 52 week low of $134.27 and a 52 week high of $223.04. The stock has a market cap of $3.71 billion, a P/E ratio of 17.49, a P/E/G ratio of 0.92 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The firm had revenue of $308.76 million for the quarter, compared to analyst estimates of $307.75 million. During the same quarter in the prior year, the business earned $2.57 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts predict that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of recent analyst reports. Barrington Research restated an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, April 16th. Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. BMO Capital Markets lowered their price objective on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Finally, Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $171.67.

Grand Canyon Education 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.