6,536 Shares in Grand Canyon Education, Inc. $LOPE Purchased by Lecap Asset Management Ltd.
by Teresa Graham · The Cerbat GemLecap Asset Management Ltd. bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,536 shares of the company’s stock, valued at approximately $1,087,000.
Several other hedge funds have also made changes to their positions in the business. Mather Group LLC. acquired a new position in shares of Grand Canyon Education in the third quarter valued at approximately $29,000. Manning & Napier Advisors LLC purchased a new position in Grand Canyon Education in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC grew its stake in shares of Grand Canyon Education by 46.0% in the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock worth $45,000 after acquiring an additional 64 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Grand Canyon Education during the third quarter worth $48,000. Finally, Financial Life Planners acquired a new stake in shares of Grand Canyon Education in the third quarter valued at $49,000. Institutional investors and hedge funds own 94.17% of the company’s stock.
Grand Canyon Education Price Performance
Shares of NASDAQ LOPE opened at $174.92 on Friday. The business has a 50-day moving average of $165.25 and a two-hundred day moving average of $173.80. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.13 and a beta of 0.67. Grand Canyon Education, Inc. has a 1 year low of $149.37 and a 1 year high of $223.04.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. The business had revenue of $308.12 million for the quarter, compared to the consensus estimate of $307.92 million. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.95 EPS. As a group, equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.
Analysts Set New Price Targets
LOPE has been the subject of several analyst reports. Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Grand Canyon Education has an average rating of “Moderate Buy” and a consensus target price of $220.00.
Read Our Latest Stock Report on Grand Canyon Education
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.
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