Financial Management Professionals Inc. Has $30,000 Holdings in Grand Canyon Education, Inc. $LOPE

Financial Management Professionals Inc. lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 61.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 160 shares of the company’s stock after selling 253 shares during the period. Financial Management Professionals Inc.’s holdings in Grand Canyon Education were worth $30,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of Grand Canyon Education in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Grand Canyon Education in the first quarter worth $35,000. WPG Advisers LLC bought a new stake in Grand Canyon Education in the first quarter valued at $44,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Grand Canyon Education by 58.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock valued at $45,000 after purchasing an additional 96 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after purchasing an additional 165 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $214.30 on Friday. The firm has a 50-day moving average of $194.44 and a 200-day moving average of $186.01. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $214.58. The company has a market cap of $6.02 billion, a P/E ratio of 25.94, a P/E/G ratio of 1.55 and a beta of 0.80.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on LOPE shares. BMO Capital Markets decreased their target price on 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. Barrington Research restated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Tuesday. Finally, Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Three equities research 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 $208.67.

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.