Louisiana State Employees Retirement System Acquires New Holdings in Grand Canyon Education, Inc. $LOPE

Louisiana State Employees Retirement System bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,000 shares of the company’s stock, valued at approximately $1,360,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC increased its holdings in shares of Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Orion Porfolio Solutions LLC boosted its stake in Grand Canyon Education by 1.0% during the third quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock valued at $1,421,000 after buying an additional 65 shares during the period. Burney Co. boosted its stake in Grand Canyon Education by 1.8% during the fourth quarter. Burney Co. now owns 3,873 shares of the company’s stock valued at $644,000 after buying an additional 68 shares during the period. NewEdge Advisors LLC grew its position in Grand Canyon Education by 2.5% during the third quarter. NewEdge Advisors LLC now owns 3,069 shares of the company’s stock worth $674,000 after buying an additional 76 shares in the last quarter. Finally, Allworth Financial LP grew its position in Grand Canyon Education by 28.1% during the fourth quarter. Allworth Financial LP now owns 369 shares of the company’s stock worth $61,000 after buying an additional 81 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LOPE. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, April 16th. Weiss Ratings lowered Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. BMO Capital Markets restated an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday, June 4th. Finally, Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.00.

Grand Canyon Education Stock Up 2.9%

LOPE opened at $152.65 on Friday. The business’s fifty day simple moving average is $154.37 and its 200 day simple moving average is $163.28. Grand Canyon Education, Inc. has a 52 week low of $140.02 and a 52 week high of $223.04. The stock has a market cap of $4.05 billion, a PE ratio of 19.08, a P/E/G ratio of 0.98 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The firm had revenue of $308.76 million during the quarter, compared to analyst estimates of $307.75 million. During the same quarter in the previous year, the company posted $2.57 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts anticipate that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current 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.