Vanguard Personalized Indexing Management LLC Acquires 358 Shares of Grand Canyon Education, Inc. $LOPE

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,070 shares of the company’s stock after purchasing an additional 358 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Grand Canyon Education were worth $1,148,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LOPE. SVB Wealth LLC bought a new position in Grand Canyon Education during the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Grand Canyon Education in the first quarter valued at about $35,000. IFP Advisors Inc raised its position in shares of Grand Canyon Education by 2,172.7% during the second quarter. IFP Advisors Inc now owns 250 shares of the company’s stock worth $47,000 after acquiring an additional 239 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Grand Canyon Education in the first quarter worth approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Grand Canyon Education by 58.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock worth $45,000 after acquiring an additional 96 shares during the period. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LOPE shares. Weiss Ratings restated a “buy (b+)” rating on shares of Grand Canyon Education in a report on Tuesday, October 14th. Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Tuesday, September 23rd. Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research downgraded Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, BMO Capital Markets dropped their price objective on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, July 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.67.

Grand Canyon Education Price Performance

LOPE stock opened at $211.60 on Friday. The company’s 50-day moving average is $207.33 and its 200-day moving average is $190.72. The stock has a market capitalization of $5.94 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $220.79.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.16. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business had revenue of $247.50 million for the quarter, compared to the consensus estimate of $240.90 million. During the same period in the prior year, the business earned $1.19 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.