Vanguard Group Inc. Sells 10,934 Shares of Grand Canyon Education, Inc. $LOPE

Vanguard Group Inc. lowered its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,803,242 shares of the company’s stock after selling 10,934 shares during the quarter. Vanguard Group Inc. owned 9.98% of Grand Canyon Education worth $615,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its position in Grand Canyon Education by 0.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 10,364 shares of the company’s stock worth $2,275,000 after purchasing an additional 79 shares during the last quarter. BTC Capital Management Inc. boosted its holdings in shares of Grand Canyon Education by 31.5% in the 3rd quarter. BTC Capital Management Inc. now owns 2,932 shares of the company’s stock worth $644,000 after buying an additional 702 shares during the last quarter. Caprock Group LLC bought a new position in Grand Canyon Education during the third quarter valued at about $1,007,000. Azzad Asset Management Inc. ADV purchased a new stake in Grand Canyon Education during the third quarter worth about $2,030,000. Finally, Smartleaf Asset Management LLC raised its position in Grand Canyon Education by 10.8% in the third quarter. Smartleaf Asset Management LLC now owns 1,843 shares of the company’s stock worth $402,000 after acquiring an additional 179 shares during the period. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $156.83 on Wednesday. The business’s fifty day moving average is $169.21 and its 200 day moving average is $184.02. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.02 and a beta of 0.74. Grand Canyon Education, Inc. has a 52-week low of $149.37 and a 52-week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. The business had revenue of $308.12 million during the quarter, compared to analyst estimates of $307.92 million. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.95 EPS. Equities analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a research note on Thursday, February 19th. Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings lowered Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.