Skylands Capital LLC Has $7.89 Million Stock Holdings in Grand Canyon Education, Inc. $LOPE

Skylands Capital LLC grew its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,415 shares of the company’s stock after acquiring an additional 3,940 shares during the period. Skylands Capital LLC owned 0.17% of Grand Canyon Education worth $7,892,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LOPE. International Assets Investment Management LLC acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at $25,000. Toronto Dominion Bank acquired a new position in Grand Canyon Education during the fourth quarter worth $26,000. Larson Financial Group LLC increased its position in Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Sankala Group LLC bought a new position in Grand Canyon Education during the fourth quarter valued at about $34,000. Finally, Hantz Financial Services Inc. raised its holdings in Grand Canyon Education by 98.2% during the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock valued at $36,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Grand Canyon Education stock opened at $145.26 on Friday. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 0.96 and a beta of 0.56. Grand Canyon Education, Inc. has a fifty-two week low of $140.02 and a fifty-two week high of $223.04. The firm has a fifty day moving average price of $156.56 and a two-hundred day moving average price of $163.48.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.08. The company had revenue of $308.76 million during the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 earnings per share. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LOPE has been the subject of several recent analyst reports. Truist Financial set a $100.00 price target on Grand Canyon Education in a research note on Tuesday, June 9th. Barrington Research reissued an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 16th. BMO Capital Markets restated an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Finally, Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Grand Canyon Education currently has an average rating of “Moderate Buy” and a consensus price target 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.