VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.63 Million in Grand Canyon Education, Inc. $LOPE

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,378 shares of the company’s stock, valued at approximately $1,628,000.

Several other institutional investors also recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in Grand Canyon Education by 13,436.9% in the 2nd quarter. California State Teachers Retirement System now owns 4,479,629 shares of the company’s stock worth $641,080,000 after buying an additional 4,446,537 shares in the last quarter. BlackRock Inc. bought a new position in Grand Canyon Education during the 2nd quarter valued at about $397,654,000. William Blair Investment Management LLC bought a new position in Grand Canyon Education during the 2nd quarter valued at about $148,667,000. Reinhart Partners LLC. boosted its holdings in shares of Grand Canyon Education by 36.9% during the 2nd quarter. Reinhart Partners LLC. now owns 882,927 shares of the company’s stock valued at $126,358,000 after acquiring an additional 237,939 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in shares of Grand Canyon Education by 15.6% during the 4th quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock valued at $122,493,000 after acquiring an additional 99,320 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $151.20 on Friday. The company’s fifty day simple moving average is $147.86 and its 200-day simple moving average is $155.63. The stock has a market capitalization of $3.94 billion, a PE ratio of 18.28, a P/E/G ratio of 0.99 and a beta of 0.58. Grand Canyon Education, Inc. has a 1-year low of $134.27 and a 1-year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.67 by $0.14. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The firm had revenue of $264.05 million during the quarter, compared to analyst estimates of $261.87 million. During the same period in the prior year, the business posted $1.53 EPS. Grand Canyon Education’s revenue was up 6.7% on a year-over-year basis. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 10.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on LOPE. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Truist Financial set a $100.00 target price on Grand Canyon Education in a report on Tuesday, June 9th. Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. BMO Capital Markets cut their price target 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. Finally, Barrington Research set a $200.00 price target on shares of Grand Canyon Education in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.67.

About Grand Canyon Education

Grand Canyon Education, Inc is an education services company that provides technology, operational and support solutions to colleges and universities. Its services are designed to help partner institutions deliver traditional, online and hybrid academic programs while managing student recruitment, enrollment and ongoing support.

The company’s offerings include learning-management and information-technology systems, marketing and student outreach, academic counseling, finance and accounting support, faculty and curriculum services, and data analytics.