Hennion & Walsh Asset Management Inc. Sells 4,132 Shares of Grand Canyon Education, Inc. $LOPE

Hennion & Walsh Asset Management Inc. lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 54.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,495 shares of the company’s stock after selling 4,132 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Grand Canyon Education were worth $767,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC increased its position in Grand Canyon Education by 16.6% in the 1st quarter. Millennium Management LLC now owns 117,569 shares of the company’s stock valued at $20,342,000 after acquiring an additional 16,704 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Grand Canyon Education by 4,339.5% during the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock valued at $330,000 after purchasing an additional 1,866 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Grand Canyon Education by 14.9% in the first quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock valued at $19,985,000 after purchasing an additional 15,019 shares in the last quarter. United Services Automobile Association bought a new position in Grand Canyon Education in the 1st quarter worth approximately $325,000. Finally, Empowered Funds LLC lifted its holdings in Grand Canyon Education by 2.1% during the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock worth $1,371,000 after buying an additional 161 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LOPE. Weiss Ratings reissued a “buy (b-)” rating on shares of Grand Canyon Education in a research note on Monday, December 29th. Barrington Research reiterated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, October 21st. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research lowered shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $176.41 on Friday. The firm’s 50 day simple moving average is $164.41 and its 200 day simple moving average is $185.49. Grand Canyon Education, Inc. has a fifty-two week low of $149.83 and a fifty-two week high of $223.04. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.16 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 5th. The company reported $1.78 EPS for the quarter, meeting 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 net margin of 19.38% and a return on equity of 32.41%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.