Grand Canyon Education, Inc. $LOPE Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 109.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,905 shares of the company’s stock after purchasing an additional 13,535 shares during the period. Hsbc Holdings PLC’s holdings in Grand Canyon Education were worth $4,308,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in Grand Canyon Education during the fourth quarter worth about $25,000. Larson Financial Group LLC boosted its stake 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. Toronto Dominion Bank acquired a new position in Grand Canyon Education in the fourth quarter valued at approximately $26,000. Sankala Group LLC bought a new position in shares of Grand Canyon Education during the fourth quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Grand Canyon Education by 98.2% during the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock valued at $36,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.1%

NASDAQ LOPE opened at $150.61 on Friday. Grand Canyon Education, Inc. has a 52 week low of $140.02 and a 52 week high of $223.04. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.00 and a beta of 0.57. The company has a 50-day moving average price of $152.88 and a two-hundred day moving average price of $162.84.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly 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. The company had revenue of $308.76 million for the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 earnings per share. As a group, equities research analysts expect that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.