California Public Employees Retirement System Sells 4,530 Shares of Grand Canyon Education, Inc. $LOPE

California Public Employees Retirement System decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,077 shares of the company’s stock after selling 4,530 shares during the quarter. California Public Employees Retirement System’s holdings in Grand Canyon Education were worth $12,425,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Kera Capital Partners Inc. raised its stake in shares of Grand Canyon Education by 38.3% during the first quarter. Kera Capital Partners Inc. now owns 4,173 shares of the company’s stock worth $710,000 after acquiring an additional 1,156 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Grand Canyon Education by 54.7% in the 1st quarter. Bessemer Group Inc. now owns 1,369 shares of the company’s stock valued at $233,000 after purchasing an additional 484 shares in the last quarter. Twin Capital Management Inc. boosted its stake in shares of Grand Canyon Education by 1.5% in the 1st quarter. Twin Capital Management Inc. now owns 4,632 shares of the company’s stock valued at $788,000 after purchasing an additional 67 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Grand Canyon Education by 5.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,201 shares of the company’s stock valued at $204,000 after purchasing an additional 60 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Grand Canyon Education by 7.1% during the 1st quarter. Sanctuary Advisors LLC now owns 2,266 shares of the company’s stock valued at $385,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings downgraded shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 16th. Truist Financial set a $100.00 price objective on Grand Canyon Education in a report on Tuesday, June 9th. Finally, BMO Capital Markets lowered their target price on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.67.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $139.94 on Friday. The company has a market capitalization of $3.71 billion, a PE ratio of 17.49, a P/E/G ratio of 0.92 and a beta of 0.57. The company has a 50-day simple moving average of $148.23 and a two-hundred day simple moving average of $160.99. Grand Canyon Education, Inc. has a one year low of $134.27 and a one year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly 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 net margin of 19.54% and a return on equity of 34.72%. The business had revenue of $308.76 million for the quarter, compared to analysts’ expectations of $307.75 million. During the same period last year, the business earned $2.57 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal year.

Grand Canyon Education Company 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.