Grand Canyon Education, Inc. $LOPE Stock Position Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 48.7% in the fourth quarter, HoldingsChannel reports. The firm owned 50,575 shares of the company’s stock after acquiring an additional 16,562 shares during the period. Crossmark Global Holdings Inc.’s holdings in Grand Canyon Education were worth $8,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in Grand Canyon Education during the 3rd quarter valued at about $32,000. International Assets Investment Management LLC acquired a new position in Grand Canyon Education during the 4th quarter valued at about $25,000. Employees Retirement System of Texas acquired a new position in Grand Canyon Education during the 3rd quarter valued at about $48,000. Financial Life Planners acquired a new position in Grand Canyon Education during the 3rd quarter valued at about $49,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Grand Canyon Education during the 3rd quarter valued at about $55,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Price Performance

LOPE stock opened at $166.09 on Friday. Grand Canyon Education, Inc. has a 12 month low of $149.37 and a 12 month high of $223.04. The firm has a market cap of $4.40 billion, a PE ratio of 20.76, a P/E/G ratio of 1.08 and a beta of 0.62. The firm has a 50 day simple moving average of $167.04 and a 200 day simple moving average of $169.83.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.78 by $0.08. The business had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.57 EPS. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current year.

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.