Atom Investors LP Boosts Stake in Grand Canyon Education, Inc. $LOPE

Atom Investors LP grew its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 182.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,451 shares of the company’s stock after buying an additional 17,100 shares during the period. Atom Investors LP’s holdings in Grand Canyon Education were worth $4,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in LOPE. State of Alaska Department of Revenue grew its holdings in shares of Grand Canyon Education by 252.6% during the 4th quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock valued at $2,676,000 after purchasing an additional 11,538 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Grand Canyon Education by 180.2% during the 3rd quarter. American Century Companies Inc. now owns 175,966 shares of the company’s stock valued at $38,628,000 after purchasing an additional 113,176 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Grand Canyon Education during the 4th quarter valued at $1,338,000. Hillsdale Investment Management Inc. bought a new position in shares of Grand Canyon Education during the 3rd quarter valued at $3,315,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Grand Canyon Education by 83.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 21,257 shares of the company’s stock valued at $3,535,000 after purchasing an additional 9,701 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

LOPE has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a report on Thursday, April 16th. Finally, Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Grand Canyon Education currently has a consensus rating of “Moderate Buy” and an average price target of $180.00.

Grand Canyon Education Stock Up 0.9%

Shares of Grand Canyon Education stock opened at $144.39 on Wednesday. The firm has a market cap of $3.83 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 0.95 and a beta of 0.56. Grand Canyon Education, Inc. has a 12-month low of $141.55 and a 12-month high of $223.04. The company’s fifty day simple moving average is $160.77 and its two-hundred day simple moving average is $164.26.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. The business had revenue of $308.76 million for the quarter, compared to analyst estimates of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.57 EPS. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal year.

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.