Grand Canyon Education, Inc. $LOPE Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust cut its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,141 shares of the company’s stock after selling 475 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Grand Canyon Education were worth $594,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in Grand Canyon Education in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Grand Canyon Education in the first quarter valued at about $35,000. WPG Advisers LLC acquired a new position in shares of Grand Canyon Education in the first quarter valued at about $44,000. Migdal Insurance & Financial Holdings Ltd. raised 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 purchasing an additional 96 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings 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 purchasing an additional 239 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $166.10 on Friday. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.50 and a beta of 0.74. The firm’s 50 day simple moving average is $207.04 and its 200-day simple moving average is $193.80. Grand Canyon Education, Inc. has a 12 month low of $153.82 and a 12 month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, November 5th. The company reported $1.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.78. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The firm had revenue of $261.14 million during the quarter, compared to analysts’ expectations of $259.97 million. During the same period in the previous year, the business posted $1.48 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Grand Canyon Education has set its FY 2025 guidance at 9.020-9.13 EPS. Q4 2025 guidance at 3.130-3.240 EPS. Analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

LOPE has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Grand Canyon Education in a research report on Wednesday. Zacks Research downgraded shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Barrington Research reiterated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, October 21st. Finally, Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $220.00.

About Grand Canyon Education

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.