Edgestream Partners L.P. Takes Position in Grand Canyon Education, Inc. $LOPE

Edgestream Partners L.P. purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the first quarter, HoldingsChannel.com reports. The firm purchased 6,228 shares of the company’s stock, valued at approximately $1,059,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in shares of Grand Canyon Education by 252.6% in the 4th quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock valued at $2,676,000 after purchasing an additional 11,538 shares in the last quarter. UBS Group AG grew its holdings in 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. Van Berkom & Associates Inc. increased its position in shares of Grand Canyon Education by 17.2% in the 4th quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock worth $102,010,000 after purchasing an additional 90,070 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Grand Canyon Education by 109.4% in the 4th quarter. Hsbc Holdings PLC now owns 25,905 shares of the company’s stock worth $4,308,000 after purchasing an additional 13,535 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in shares of Grand Canyon Education during the fourth quarter worth about $1,087,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LOPE shares. Barrington Research set a $200.00 price target on Grand Canyon Education in a research note on Friday. Weiss Ratings lowered Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. 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 Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Finally, Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.67.

Grand Canyon Education Stock Up 3.8%

LOPE opened at $150.88 on Tuesday. The company’s 50-day moving average price is $147.26 and its 200 day moving average price is $159.92. Grand Canyon Education, Inc. has a fifty-two week low of $134.27 and a fifty-two week high of $223.04. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 0.95 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.14. The business had revenue of $264.05 million for the quarter, compared to analysts’ expectations of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 EPS. Research analysts anticipate that Grand Canyon Education, Inc. will post 10.25 earnings per share for the current year.

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.