Grand Canyon Education, Inc. $LOPE Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 59.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,132 shares of the company’s stock after selling 10,551 shares during the period. Truist Financial Corp’s holdings in Grand Canyon Education were worth $1,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Orion Porfolio Solutions LLC lifted its stake in shares of Grand Canyon Education by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock valued at $1,421,000 after purchasing an additional 65 shares during the last quarter. Burney Co. increased its holdings in Grand Canyon Education by 1.8% during the 4th quarter. Burney Co. now owns 3,873 shares of the company’s stock worth $644,000 after purchasing an additional 68 shares during the period. NewEdge Advisors LLC increased its holdings in Grand Canyon Education by 2.5% during the 3rd quarter. NewEdge Advisors LLC now owns 3,069 shares of the company’s stock worth $674,000 after purchasing an additional 76 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Grand Canyon Education by 2.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,086 shares of the company’s stock worth $646,000 after purchasing an additional 77 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Grand Canyon Education by 0.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 10,364 shares of the company’s stock worth $2,275,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LOPE. Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Grand Canyon Education Price Performance

LOPE opened at $157.86 on Friday. The business has a 50 day simple moving average of $167.08 and a 200-day simple moving average of $167.83. The stock has a market capitalization of $4.18 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.05 and a beta of 0.62. Grand Canyon Education, Inc. has a 12 month low of $149.37 and a 12 month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted 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 analysts’ expectations 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 last year, the firm earned $2.57 EPS. Research analysts anticipate that Grand Canyon Education, Inc. will post 10.22 EPS 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.