Y Intercept Hong Kong Ltd Has $1.61 Million Stock Holdings in Grand Canyon Education, Inc. $LOPE

Y Intercept Hong Kong Ltd grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 150.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,498 shares of the company’s stock after buying an additional 5,701 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Grand Canyon Education were worth $1,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in Grand Canyon Education by 252.6% in the 4th quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock worth $2,676,000 after purchasing an additional 11,538 shares in the last quarter. Harbor Capital Advisors Inc. grew its position 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 worth $3,535,000 after purchasing an additional 9,701 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $1,338,000. Algert Global LLC increased its holdings in shares of Grand Canyon Education by 27.9% during the third quarter. Algert Global LLC now owns 144,985 shares of the company’s stock worth $31,827,000 after purchasing an additional 31,614 shares during the period. Finally, UBS Group AG increased its holdings in shares of Grand Canyon Education by 523.1% during the fourth quarter. UBS Group AG now owns 194,634 shares of the company’s stock worth $32,370,000 after purchasing an additional 163,397 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of LOPE opened at $150.61 on Friday. The firm has a 50 day simple moving average of $152.88 and a two-hundred day simple moving average of $162.84. Grand Canyon Education, Inc. has a one year low of $140.02 and a one year high of $223.04. The company has a market cap of $3.99 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.00 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 business posted $2.57 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. On average, analysts expect that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LOPE shares. Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. BMO Capital Markets cut their target price on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday. Truist Financial set a $100.00 target price on Grand Canyon Education in a report on Tuesday, June 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.67.

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.