OneDigital Investment Advisors LLC Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

OneDigital Investment Advisors LLC acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,340 shares of the company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LOPE. GeoWealth Management LLC bought a new stake in Grand Canyon Education in the fourth quarter worth $25,000. Aster Capital Management DIFC Ltd bought a new stake in Grand Canyon Education in the fourth quarter worth $32,000. UMB Bank n.a. increased its position in Grand Canyon Education by 107.8% in the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after purchasing an additional 165 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Grand Canyon Education in the fourth quarter worth $59,000. Finally, Blue Trust Inc. increased its position in Grand Canyon Education by 20.5% in the first quarter. Blue Trust Inc. now owns 577 shares of the company’s stock worth $100,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.8%

Shares of LOPE opened at $172.79 on Friday. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28. The firm has a fifty day moving average price of $189.57 and a 200-day moving average price of $178.88. The firm has a market capitalization of $4.90 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.32 and a beta of 0.77.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.06. The company had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 earnings per share. Analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on LOPE shares. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. BMO Capital Markets dropped their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research note on Monday, July 7th. Finally, Barrington Research lifted their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th.

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.