California Public Employees Retirement System Has $23.55 Million Stock Holdings in Grand Canyon Education, Inc. $LOPE

California Public Employees Retirement System trimmed its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,612 shares of the company’s stock after selling 23,532 shares during the quarter. California Public Employees Retirement System owned approximately 0.44% of Grand Canyon Education worth $23,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOPE. Deutsche Bank AG increased its position in Grand Canyon Education by 7.1% during the 1st quarter. Deutsche Bank AG now owns 93,468 shares of the company’s stock valued at $16,172,000 after purchasing an additional 6,174 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Grand Canyon Education by 2.9% in the 1st quarter. Benjamin Edwards Inc. now owns 2,683 shares of the company’s stock valued at $464,000 after purchasing an additional 75 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Grand Canyon Education during the first quarter worth $20,906,000. Public Sector Pension Investment Board bought a new position in Grand Canyon Education during the first quarter worth $9,216,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Grand Canyon Education during the first quarter worth $35,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

LOPE opened at $158.15 on Friday. Grand Canyon Education, Inc. has a fifty-two week low of $149.83 and a fifty-two week high of $223.04. The firm has a market capitalization of $4.42 billion, a PE ratio of 21.31, a P/E/G ratio of 1.14 and a beta of 0.78. The company’s 50-day moving average is $182.82 and its 200 day moving average is $188.92.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $1.78 EPS for the quarter, hitting the consensus estimate of $1.78. The firm had revenue of $261.14 million during the quarter, compared to the consensus estimate of $259.97 million. Grand Canyon Education had a return on equity of 32.41% and a net margin of 19.38%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 earnings per share. Grand Canyon Education has set its FY 2025 guidance at 9.020-9.13 EPS and its Q4 2025 guidance at 3.130-3.240 EPS. As a group, analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on LOPE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grand Canyon Education in a research report on Monday. Zacks Research downgraded Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Company 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.