Burgundy Asset Management Ltd. Reduces Holdings in Grand Canyon Education, Inc. $LOPE

Burgundy Asset Management Ltd. trimmed its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 977,397 shares of the company’s stock after selling 5,301 shares during the quarter. Grand Canyon Education makes up 1.9% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 17th largest position. Burgundy Asset Management Ltd. owned approximately 3.49% of Grand Canyon Education worth $197,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOPE. Mather Group LLC. purchased a new stake in shares of Grand Canyon Education during the third quarter valued at approximately $29,000. Manning & Napier Advisors LLC bought a new stake in Grand Canyon Education during the 3rd quarter valued at $32,000. True Wealth Design LLC boosted its position in Grand Canyon Education by 46.0% during the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after buying an additional 64 shares during the period. SJS Investment Consulting Inc. grew its holdings in Grand Canyon Education by 5,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock worth $50,000 after acquiring an additional 224 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Grand Canyon Education in the third quarter valued at about $55,000. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LOPE shares. Barrington Research reiterated an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a report on Thursday, February 19th. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings cut Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Grand Canyon Education has an average rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Stock Down 2.0%

LOPE opened at $162.64 on Thursday. Grand Canyon Education, Inc. has a 52 week low of $149.37 and a 52 week high of $223.04. The stock has a market cap of $4.41 billion, a PE ratio of 21.07, a PEG ratio of 1.10 and a beta of 0.72. The business has a 50 day moving average of $168.52 and a 200-day moving average of $182.60.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.02. The business had revenue of $308.12 million during the quarter, compared to the consensus estimate of $307.92 million. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 earnings per share. Equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

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.