12,400 Shares in Grand Canyon Education, Inc. $LOPE Acquired by ING Groep NV

ING Groep NV bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,400 shares of the company’s stock, valued at approximately $2,062,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LOPE. NewEdge Advisors LLC grew its holdings in Grand Canyon Education by 4,339.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock valued at $330,000 after buying an additional 1,866 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Grand Canyon Education by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock valued at $19,985,000 after buying an additional 15,019 shares in the last quarter. Empowered Funds LLC grew its holdings in Grand Canyon Education by 2.1% during the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after buying an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Grand Canyon Education by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock valued at $21,318,000 after buying an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Grand Canyon Education by 156.9% during the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after buying an additional 22,812 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LOPE. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.00.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $149.65 on Wednesday. The company has a market capitalization of $3.97 billion, a P/E ratio of 18.71, a P/E/G ratio of 0.97 and a beta of 0.56. Grand Canyon Education, Inc. has a one year low of $145.00 and a one year high of $223.04. The stock has a 50 day moving average price of $163.05 and a 200-day moving average price of $164.59.

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