Sei Investments Co. Has $3.48 Million Holdings in Grand Canyon Education, Inc. $LOPE

Sei Investments Co. lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 74.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,471 shares of the company’s stock after selling 59,175 shares during the quarter. Sei Investments Co. owned approximately 0.08% of Grand Canyon Education worth $3,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue increased its holdings in Grand Canyon Education by 252.6% in the fourth quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock valued at $2,676,000 after purchasing an additional 11,538 shares during the last quarter. UBS Group AG lifted its stake in Grand Canyon Education by 523.1% in the fourth quarter. UBS Group AG now owns 194,634 shares of the company’s stock valued at $32,370,000 after buying an additional 163,397 shares during the period. Van Berkom & Associates Inc. boosted its holdings in Grand Canyon Education by 17.2% during the fourth quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock worth $102,010,000 after buying an additional 90,070 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Grand Canyon Education by 109.4% during the 4th quarter. Hsbc Holdings PLC now owns 25,905 shares of the company’s stock worth $4,308,000 after buying an additional 13,535 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Grand Canyon Education during the 4th quarter worth about $1,087,000. 94.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LOPE. BMO Capital Markets cut their price target on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a report on Friday, July 31st. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Finally, Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.67.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $148.74 on Friday. Grand Canyon Education, Inc. has a 52 week low of $134.27 and a 52 week high of $223.04. The company’s 50 day moving average price is $147.12 and its two-hundred day moving average price is $159.32. The company has a market capitalization of $3.88 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 0.98 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.14. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The company had revenue of $264.05 million during the quarter, compared to analysts’ expectations of $261.87 million. During the same quarter in the prior year, the company earned $1.53 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Grand Canyon Education, Inc. will post 10.24 earnings per share 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.