Quantinno Capital Management LP Grows Stock Holdings in Grand Canyon Education, Inc. $LOPE

Quantinno Capital Management LP boosted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 27.0% in the first quarter, HoldingsChannel reports. The firm owned 329,160 shares of the company’s stock after acquiring an additional 70,048 shares during the period. Quantinno Capital Management LP’s holdings in Grand Canyon Education were worth $55,967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its holdings in shares of Grand Canyon Education by 4,339.5% in the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after acquiring an additional 1,866 shares during the period. Goldman Sachs Group Inc. raised its position in 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 acquiring an additional 15,019 shares during the period. Empowered Funds LLC lifted its position in Grand Canyon Education by 2.1% during the first quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after purchasing an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Grand Canyon Education by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock valued at $21,318,000 after buying an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Grand Canyon Education by 156.9% during the first quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after purchasing an additional 22,812 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Grand Canyon Education Stock Up 5.9%

LOPE opened at $159.31 on Thursday. The business has a fifty day moving average of $147.73 and a 200 day moving average of $160.49. The stock has a market cap of $4.22 billion, a P/E ratio of 19.91, a PEG ratio of 1.00 and a beta of 0.57. Grand Canyon Education, Inc. has a 52-week low of $134.27 and a 52-week 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 for the quarter, topping the consensus estimate of $2.78 by $0.08. The business had revenue of $308.76 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $2.57 earnings per share. Equities analysts anticipate that Grand Canyon Education, Inc. will post 10.04 EPS for the current fiscal year.

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.