Geneos Wealth Management Inc. Buys 252 Shares of Grand Canyon Education, Inc. $LOPE

Geneos Wealth Management Inc. boosted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 46.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 791 shares of the company’s stock after buying an additional 252 shares during the period. Geneos Wealth Management Inc.’s holdings in Grand Canyon Education were worth $137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LOPE. SVB Wealth LLC purchased a new stake in Grand Canyon Education during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Grand Canyon Education in the first quarter worth about $35,000. WPG Advisers LLC purchased a new stake in shares of Grand Canyon Education in the first quarter worth about $44,000. Migdal Insurance & Financial Holdings Ltd. boosted 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 buying an additional 96 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of 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 buying an additional 165 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $207.80 on Wednesday. The business has a 50 day simple moving average of $189.00 and a two-hundred day simple moving average of $184.35. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $211.31. The stock has a market capitalization of $5.84 billion, a P/E ratio of 25.16, a PEG ratio of 1.52 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.16. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business had revenue of $247.50 million during the quarter, compared to analysts’ expectations of $240.90 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of recent research reports. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Barrington Research restated an “outperform” rating and issued a $215.00 target price on shares of Grand Canyon Education in a research note on Thursday, August 7th. Finally, BMO Capital Markets lowered their target price on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research note 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 target price of $203.67.

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.