Sovereign s Capital Management LLC Raises Stock Holdings in Grand Canyon Education, Inc. $LOPE

Sovereign s Capital Management LLC boosted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 31.5% during the 4th quarter, Holdings Channel reports. The firm owned 30,573 shares of the company’s stock after buying an additional 7,327 shares during the period. Grand Canyon Education comprises about 3.1% of Sovereign s Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Sovereign s Capital Management LLC’s holdings in Grand Canyon Education were worth $5,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GW&K Investment Management LLC raised its stake in Grand Canyon Education by 15.6% during the 4th quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock valued at $122,493,000 after purchasing an additional 99,320 shares during the period. Van Berkom & Associates Inc. raised its stake in Grand Canyon Education by 17.2% during the 4th quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock valued at $102,010,000 after purchasing an additional 90,070 shares during the period. AQR Capital Management LLC raised its stake in Grand Canyon Education by 3.5% during the 2nd quarter. AQR Capital Management LLC now owns 597,567 shares of the company’s stock valued at $112,940,000 after purchasing an additional 20,485 shares during the period. Geode Capital Management LLC raised its stake in Grand Canyon Education by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 578,110 shares of the company’s stock valued at $96,163,000 after purchasing an additional 26,593 shares during the period. Finally, Reinhart Partners LLC. raised its stake in Grand Canyon Education by 135.3% during the 4th quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock valued at $86,303,000 after purchasing an additional 298,409 shares during the period. Institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Truist Financial set a $100.00 target price on Grand Canyon Education in a research note on Tuesday, June 9th. Finally, Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Grand Canyon Education has a consensus rating of “Moderate Buy” and a consensus target price of $180.00.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $144.39 on Wednesday. The stock has a market capitalization of $3.83 billion, a PE ratio of 18.05, a P/E/G ratio of 0.95 and a beta of 0.56. The business has a 50 day simple moving average of $160.77 and a two-hundred day simple moving average of $164.26. Grand Canyon Education, Inc. has a 1-year low of $141.55 and a 1-year high of $223.04.

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