Sovereign s Capital Management LLC Boosts Stake in Grand Canyon Education, Inc. $LOPE

Sovereign s Capital Management LLC raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 31.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,573 shares of the company’s stock after acquiring an additional 7,327 shares during the quarter. Grand Canyon Education makes up 3.1% of Sovereign s Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Sovereign s Capital Management LLC owned 0.11% of Grand Canyon Education worth $5,085,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Grand Canyon Education in the fourth quarter valued at about $25,000. Larson Financial Group LLC lifted its holdings in Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after acquiring an additional 65 shares during the period. Hantz Financial Services Inc. lifted its holdings in Grand Canyon Education by 98.2% in the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. Employees Retirement System of Texas bought a new position in Grand Canyon Education in the third quarter valued at about $48,000. Finally, Financial Life Planners bought a new position in Grand Canyon Education in the third quarter valued at about $49,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 0.9%

NASDAQ LOPE opened at $144.39 on Wednesday. The stock’s 50-day moving average price is $160.77 and its 200-day moving average price is $164.26. Grand Canyon Education, Inc. has a 52 week low of $141.55 and a 52 week high of $223.04. The company has a market capitalization of $3.83 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 0.95 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The firm had revenue of $308.76 million for the quarter, compared to the consensus estimate of $307.75 million. During the same quarter last year, the company earned $2.57 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Research analysts anticipate that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LOPE shares. Truist Financial set a $100.00 target price on Grand Canyon Education in a report on Tuesday, June 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $180.00.

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.