Candriam S.C.A. Decreases Stock Position in Grand Canyon Education, Inc. $LOPE

Candriam S.C.A. cut its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 93.6% during the first quarter, HoldingsChannel.com reports. The fund owned 2,531 shares of the company’s stock after selling 36,737 shares during the period. Candriam S.C.A.’s holdings in Grand Canyon Education were worth $430,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LOPE. Bank of Montreal Can lifted its holdings in Grand Canyon Education by 6,102.7% in the 4th quarter. Bank of Montreal Can now owns 480,460 shares of the company’s stock valued at $79,905,000 after purchasing an additional 472,714 shares in the last quarter. Norges Bank acquired a new stake in Grand Canyon Education during the 4th quarter worth $61,919,000. William Blair Investment Management LLC grew its holdings in shares of Grand Canyon Education by 281.9% during the fourth quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock worth $75,362,000 after buying an additional 334,486 shares in the last quarter. Reinhart Partners LLC. grew its holdings in shares of Grand Canyon Education by 135.3% during the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after buying an additional 298,409 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Grand Canyon Education by 523.1% in the fourth quarter. UBS Group AG now owns 194,634 shares of the company’s stock valued at $32,370,000 after buying an additional 163,397 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LOPE has been the topic of several research reports. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research note on Tuesday, June 9th. BMO Capital Markets dropped their price objective on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Barrington Research reiterated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.67.

Grand Canyon Education Stock Down 4.9%

NASDAQ LOPE opened at $141.77 on Thursday. The business’s fifty day simple moving average is $151.34 and its 200-day simple moving average is $162.29. The firm has a market cap of $3.76 billion, a PE ratio of 17.72, a P/E/G ratio of 0.99 and a beta of 0.57. Grand Canyon Education, Inc. has a 52 week low of $138.34 and a 52 week high of $223.04.

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

Grand Canyon Education 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.