Geode Capital Management LLC Buys 26,593 Shares of Grand Canyon Education, Inc. $LOPE

Geode Capital Management LLC raised its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 578,110 shares of the company’s stock after purchasing an additional 26,593 shares during the quarter. Geode Capital Management LLC owned 2.07% of Grand Canyon Education worth $96,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOPE. Larson Financial Group LLC increased its stake in shares of Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after buying an additional 65 shares during the period. Orion Porfolio Solutions LLC grew its stake in Grand Canyon Education by 1.0% in the third quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock worth $1,421,000 after purchasing an additional 65 shares during the period. Burney Co. grew its stake in Grand Canyon Education by 1.8% in the fourth quarter. Burney Co. now owns 3,873 shares of the company’s stock worth $644,000 after purchasing an additional 68 shares during the period. NewEdge Advisors LLC grew its stake in Grand Canyon Education by 2.5% in the third quarter. NewEdge Advisors LLC now owns 3,069 shares of the company’s stock worth $674,000 after purchasing an additional 76 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Grand Canyon Education by 0.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 10,364 shares of the company’s stock worth $2,275,000 after purchasing an additional 79 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

LOPE stock opened at $152.57 on Friday. Grand Canyon Education, Inc. has a fifty-two week low of $145.00 and a fifty-two week high of $223.04. The business’s 50-day moving average is $163.81 and its two-hundred day moving average is $164.77. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.00 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $307.75 million. During the same quarter in the prior year, the company earned $2.57 earnings per share. Grand Canyon Education’s revenue was up 6.7% on a year-over-year basis. Equities analysts predict that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LOPE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. BMO Capital Markets reissued an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday. Finally, Barrington Research reissued an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.