Los Angeles Capital Management LLC Decreases Stake in Grand Canyon Education, Inc. $LOPE

Los Angeles Capital Management LLC lowered its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,082 shares of the company’s stock after selling 72,486 shares during the quarter. Los Angeles Capital Management LLC owned 0.83% of Grand Canyon Education worth $38,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Grand Canyon Education in the fourth quarter worth $1,322,000. Pinebridge Investments LLC purchased a new stake in Grand Canyon Education during the fourth quarter valued at $1,156,000. WINTON GROUP Ltd purchased a new stake in Grand Canyon Education during the fourth quarter valued at $6,428,000. Reinhart Partners LLC. increased its position in Grand Canyon Education by 135.3% during the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock valued at $86,303,000 after acquiring an additional 298,409 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Grand Canyon Education by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 323,326 shares of the company’s stock valued at $53,772,000 after acquiring an additional 17,375 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LOPE. Barrington Research reiterated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Price Performance

Shares of LOPE opened at $152.57 on Monday. The business has a 50-day simple moving average of $163.81 and a two-hundred day simple moving average of $164.78. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.00 and a beta of 0.56. Grand Canyon Education, Inc. has a 52 week low of $145.00 and a 52 week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. The business had revenue of $308.76 million during the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.57 earnings per share. On average, equities analysts anticipate that Grand Canyon Education, Inc. will post 10.22 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.