Bridge City Capital LLC Purchases New Stake in Grand Canyon Education, Inc. $LOPE

Bridge City Capital LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the fourth quarter, HoldingsChannel reports. The firm purchased 13,160 shares of the company’s stock, valued at approximately $2,189,000.

A number of other large investors have also added to or reduced their stakes in LOPE. International Assets Investment Management LLC bought a new stake in Grand Canyon Education in the 4th quarter valued at $25,000. Larson Financial Group LLC raised its stake in Grand Canyon Education by 70.7% in the 4th 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. Hantz Financial Services Inc. raised its stake in Grand Canyon Education by 98.2% in the 4th quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. Employees Retirement System of Texas bought a new stake in Grand Canyon Education in the 3rd quarter valued at $48,000. Finally, Financial Life Planners bought a new stake in Grand Canyon Education in the 3rd quarter valued at $49,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

LOPE opened at $147.49 on Friday. The business’s fifty day moving average is $161.87 and its 200-day moving average is $164.36. The firm has a market cap of $3.91 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. Grand Canyon Education, Inc. has a 52-week low of $145.00 and a 52-week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.08. The business had revenue of $308.76 million for the quarter, compared to analyst estimates of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.Grand Canyon Education’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $2.57 earnings per share. On average, research analysts predict that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.