Maryland State Retirement & Pension System Reduces Stock Position in Grand Canyon Education, Inc. $LOPE

Maryland State Retirement & Pension System lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 19.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,351 shares of the company’s stock after selling 319 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Grand Canyon Education were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LOPE. GeoWealth Management LLC bought a new position in shares of Grand Canyon Education in the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Grand Canyon Education by 58.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock worth $45,000 after acquiring an additional 96 shares in the last quarter. UMB Bank n.a. increased its position in shares of Grand Canyon Education by 107.8% during the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after acquiring an additional 165 shares during the period. Cypress Capital Management LLC WY purchased a new position in shares of Grand Canyon Education during the first quarter worth approximately $65,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Grand Canyon Education during the first quarter valued at approximately $75,000. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOPE. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Barrington Research reiterated an “outperform” rating and issued a $215.00 price target on shares of Grand Canyon Education in a report on Thursday, August 7th. Finally, BMO Capital Markets decreased their target price on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, July 7th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $203.67.

Grand Canyon Education Stock Up 1.8%

Grand Canyon Education stock opened at $202.97 on Wednesday. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $203.18. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.47 and a beta of 0.79. The company has a fifty day simple moving average of $181.59 and a 200-day simple moving average of $181.13.

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