Rhumbline Advisers Sells 2,693 Shares of Grand Canyon Education, Inc. $LOPE

by · The Cerbat Gem

Rhumbline Advisers lowered its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,783 shares of the company’s stock after selling 2,693 shares during the period. Rhumbline Advisers’ holdings in Grand Canyon Education were worth $14,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOPE. SVB Wealth LLC acquired a new position in shares of Grand Canyon Education during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Grand Canyon Education in the first quarter valued at about $35,000. IFP Advisors Inc raised its holdings 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 acquiring an additional 239 shares in the last quarter. WPG Advisers LLC bought a new stake in Grand Canyon Education during the first quarter worth about $44,000. Finally, Bayforest Capital Ltd acquired a new position in Grand Canyon Education during the first quarter valued at approximately $75,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LOPE. Weiss Ratings restated a “buy (b)” rating on shares of Grand Canyon Education in a research note on Monday, November 24th. Barrington Research reissued an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a report on Tuesday, October 21st. Zacks Research cut 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 lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Get Our Latest Stock Report on LOPE

Grand Canyon Education Trading Up 0.8%

LOPE stock opened at $157.61 on Friday. The firm has a market capitalization of $4.41 billion, a PE ratio of 19.08, a PEG ratio of 1.50 and a beta of 0.74. Grand Canyon Education, Inc. has a 1-year low of $153.82 and a 1-year high of $223.04. The business’s 50 day simple moving average is $193.69 and its 200 day simple moving average is $191.41.

Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.78. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business had revenue of $261.14 million during the quarter, compared to the consensus estimate of $259.97 million. During the same quarter last year, the firm posted $1.48 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Grand Canyon Education has set its FY 2025 guidance at 9.020-9.13 EPS. Q4 2025 guidance at 3.130-3.240 EPS. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Grand Canyon Education Company Profile

(Free Report)

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.

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