Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 15.2% during the third quarter, HoldingsChannel.com reports. The fund owned 53,650 shares of the company’s stock after buying an additional 7,095 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Grand Canyon Education were worth $11,777,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Mather Group LLC. purchased a new position in Grand Canyon Education in the 3rd quarter worth approximately $29,000. Manning & Napier Advisors LLC acquired a new stake in shares of Grand Canyon Education in the third quarter valued at approximately $32,000. True Wealth Design LLC lifted its position in Grand Canyon Education by 46.0% during the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after buying an additional 64 shares in the last quarter. IFP Advisors Inc lifted its position in Grand Canyon Education by 2,172.7% during the second quarter. IFP Advisors Inc now owns 250 shares of the company’s stock worth $47,000 after buying an additional 239 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in Grand Canyon Education by 5,600.0% during the third quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock worth $50,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.
Grand Canyon Education Trading Down 1.0%
Shares of NASDAQ:LOPE opened at $177.99 on Friday. The business has a 50-day moving average price of $165.67 and a 200 day moving average price of $185.02. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.17 and a beta of 0.75. Grand Canyon Education, Inc. has a 12-month low of $149.83 and a 12-month high of $223.04.
Analyst Ratings Changes
LOPE has been the subject of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday. Weiss Ratings cut shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Zacks Research downgraded shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.
Read Our Latest Research Report on LOPE
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.
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