Sei Investments Co. Sells 59,175 Shares of Grand Canyon Education, Inc. $LOPE

Sei Investments Co. lowered its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 74.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,471 shares of the company’s stock after selling 59,175 shares during the quarter. Sei Investments Co.’s holdings in Grand Canyon Education were worth $3,481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOPE. State of Alaska Department of Revenue boosted its holdings in Grand Canyon Education by 252.6% during the fourth quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock worth $2,676,000 after purchasing an additional 11,538 shares during the last quarter. UBS Group AG increased its stake in Grand Canyon Education by 523.1% in the 4th quarter. UBS Group AG now owns 194,634 shares of the company’s stock valued at $32,370,000 after buying an additional 163,397 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in Grand Canyon Education by 17.2% in the 4th quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock valued at $102,010,000 after buying an additional 90,070 shares during the last quarter. Hsbc Holdings PLC lifted its position in Grand Canyon Education by 109.4% during the 4th quarter. Hsbc Holdings PLC now owns 25,905 shares of the company’s stock worth $4,308,000 after buying an additional 13,535 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in Grand Canyon Education during the 4th quarter worth about $1,087,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $148.74 on Friday. Grand Canyon Education, Inc. has a 52-week low of $134.27 and a 52-week high of $223.04. The company has a market capitalization of $3.88 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 0.98 and a beta of 0.57. The company has a 50-day simple moving average of $147.12 and a 200 day simple moving average of $159.32.

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 firm had revenue of $264.05 million for the quarter, compared to the consensus estimate 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 revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.53 earnings per share. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LOPE shares. Barrington Research set a $200.00 price objective on Grand Canyon Education in a report on Friday, July 31st. Truist Financial set a $100.00 target price on Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets reduced their price target on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings lowered Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.67.

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.