12,400 Shares in Grand Canyon Education, Inc. $LOPE Bought by ING Groep NV

ING Groep NV purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 12,400 shares of the company’s stock, valued at approximately $2,062,000.

A number of other institutional investors also recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Grand Canyon Education in the fourth quarter worth $1,322,000. Pinebridge Investments LLC bought a new stake in Grand Canyon Education in the fourth quarter worth $1,156,000. WINTON GROUP Ltd bought a new stake in Grand Canyon Education in the fourth quarter worth $6,428,000. Reinhart Partners LLC. lifted its position in Grand Canyon Education by 135.3% in the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after buying an additional 298,409 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Grand Canyon Education by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 323,326 shares of the company’s stock worth $53,772,000 after buying an additional 17,375 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Grand Canyon Education Trading Up 0.7%

NASDAQ:LOPE opened at $149.65 on Wednesday. Grand Canyon Education, Inc. has a twelve month low of $145.00 and a twelve month high of $223.04. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 0.97 and a beta of 0.56. The stock has a fifty day simple moving average of $163.05 and a 200-day simple moving average of $164.59.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same period last year, the company earned $2.57 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities research analysts predict that Grand Canyon Education, Inc. will post 10.22 EPS for the current fiscal year.

Grand Canyon Education Company 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.