KBC Group NV Sells 593 Shares of Grand Canyon Education, Inc. $LOPE

KBC Group NV cut its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 41.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 854 shares of the company’s stock after selling 593 shares during the quarter. KBC Group NV’s holdings in Grand Canyon Education were worth $161,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SVB Wealth LLC purchased a new position in shares of Grand Canyon Education during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Grand Canyon Education during the first quarter valued at approximately $35,000. IFP Advisors Inc boosted its position in shares of Grand Canyon Education by 2,172.7% in 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. WPG Advisers LLC purchased a new stake in shares of Grand Canyon Education in the first quarter worth $44,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Grand Canyon Education in the first quarter worth $75,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grand Canyon Education in a report on Monday. Zacks Research cut Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barrington Research restated an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grand Canyon Education presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Grand Canyon Education Trading Down 1.4%

Shares of LOPE stock opened at $161.68 on Thursday. Grand Canyon Education, Inc. has a 12-month low of $153.82 and a 12-month high of $223.04. The stock’s 50-day moving average price is $200.94 and its 200-day moving average price is $193.14. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74.

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

Grand Canyon Education Company 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.