Grand Canyon Education, Inc. $LOPE Holdings Raised by Inspire Investing LLC

Inspire Investing LLC increased its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 811.0% in the 4th quarter, Holdings Channel reports. The fund owned 18,794 shares of the company’s stock after purchasing an additional 16,731 shares during the period. Inspire Investing LLC’s holdings in Grand Canyon Education were worth $3,126,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. GW&K Investment Management LLC lifted its stake in Grand Canyon Education by 15.6% in the 4th quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock worth $122,493,000 after acquiring an additional 99,320 shares in the last quarter. AQR Capital Management LLC lifted its stake in Grand Canyon Education by 30.9% in the 4th quarter. AQR Capital Management LLC now owns 649,269 shares of the company’s stock worth $107,980,000 after acquiring an additional 153,189 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Grand Canyon Education by 17.2% in the 4th quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock worth $102,010,000 after acquiring an additional 90,070 shares in the last quarter. Geode Capital Management LLC lifted its stake in Grand Canyon Education by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 578,110 shares of the company’s stock worth $96,163,000 after acquiring an additional 26,593 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its stake in Grand Canyon Education by 135.3% in the 4th quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after acquiring an additional 298,409 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Trading Down 1.3%

Shares of Grand Canyon Education stock opened at $142.46 on Thursday. Grand Canyon Education, Inc. has a 1 year low of $140.94 and a 1 year high of $223.04. The stock has a 50-day moving average price of $160.16 and a 200 day moving average price of $164.16. The company has a market cap of $3.78 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.96 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping 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 company had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same period last year, the business earned $2.57 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.