Y Intercept Hong Kong Ltd Has $1.61 Million Stock Holdings in Grand Canyon Education, Inc. $LOPE

Y Intercept Hong Kong Ltd boosted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 150.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 9,498 shares of the company’s stock after acquiring an additional 5,701 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Grand Canyon Education were worth $1,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LOPE. State of Alaska Department of Revenue increased its holdings in shares of Grand Canyon Education by 252.6% during the fourth quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock worth $2,676,000 after buying an additional 11,538 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Grand Canyon Education during the 4th quarter valued at $1,338,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Grand Canyon Education by 83.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 21,257 shares of the company’s stock valued at $3,535,000 after acquiring an additional 9,701 shares in the last quarter. Algert Global LLC grew its position in Grand Canyon Education by 27.9% during the 3rd quarter. Algert Global LLC now owns 144,985 shares of the company’s stock worth $31,827,000 after acquiring an additional 31,614 shares during the last quarter. Finally, UBS Group AG increased its holdings in Grand Canyon Education by 523.1% in the 4th quarter. UBS Group AG now owns 194,634 shares of the company’s stock worth $32,370,000 after purchasing an additional 163,397 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barrington Research reiterated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research report on Thursday, April 16th. Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Truist Financial set a $100.00 price objective on Grand Canyon Education in a research note on Tuesday, June 9th. Finally, 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 report on Monday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Grand Canyon Education has a consensus rating of “Moderate Buy” and an average price target of $171.67.

Grand Canyon Education Price Performance

Grand Canyon Education stock opened at $150.61 on Friday. The stock’s 50 day moving average is $152.88 and its 200 day moving average is $162.84. The firm has a market cap of $3.99 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.00 and a beta of 0.57. Grand Canyon Education, Inc. has a one year low of $140.02 and a one year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share 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 business had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same quarter in the prior year, the firm posted $2.57 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts anticipate that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal 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.