Wealth Enhancement Advisory Services LLC Increases Stake in Grand Canyon Education, Inc. $LOPE

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,009 shares of the company’s stock after acquiring an additional 59 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Grand Canyon Education were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LOPE. SVB Wealth LLC purchased a new stake in shares of Grand Canyon Education in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Grand Canyon Education in the first quarter valued at approximately $35,000. WPG Advisers LLC purchased a new stake in shares of Grand Canyon Education in the first quarter valued at approximately $44,000. Migdal Insurance & Financial Holdings Ltd. increased its position 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 valued at $45,000 after buying an additional 96 shares in the last quarter. Finally, UMB Bank n.a. increased its position 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 valued at $55,000 after buying an additional 165 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grand Canyon Education in a research note on Saturday, September 27th. Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. BMO Capital Markets lowered their price target 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. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Grand Canyon Education currently has a consensus rating of “Buy” and an average target price of $208.67.

Grand Canyon Education Trading Down 0.5%

LOPE stock opened at $217.24 on Friday. The company has a market capitalization of $6.10 billion, a PE ratio of 26.30, a P/E/G ratio of 1.60 and a beta of 0.76. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $220.79. The business’s fifty day moving average price is $200.22 and its 200 day moving average price is $188.20.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $247.50 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the previous year, the business earned $1.19 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

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.