Grand Canyon Education, Inc. $LOPE Stock Position Raised by Algert Global LLC

Algert Global LLC lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 27.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,985 shares of the company’s stock after buying an additional 31,614 shares during the period. Grand Canyon Education makes up about 0.5% of Algert Global LLC’s investment portfolio, making the stock its 10th biggest position. Algert Global LLC owned approximately 0.52% of Grand Canyon Education worth $31,827,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Burgundy Asset Management Ltd. grew its stake in shares of Grand Canyon Education by 3.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 982,698 shares of the company’s stock valued at $185,730,000 after acquiring an additional 36,546 shares during the period. AQR Capital Management LLC grew its position in shares of Grand Canyon Education by 3.5% during the second quarter. AQR Capital Management LLC now owns 597,567 shares of the company’s stock valued at $112,940,000 after purchasing an additional 20,485 shares in the last quarter. Invesco Ltd. increased its stake in Grand Canyon Education by 57.5% in the 2nd quarter. Invesco Ltd. now owns 560,068 shares of the company’s stock worth $105,853,000 after acquiring an additional 204,582 shares during the last quarter. Van Berkom & Associates Inc. increased its position in Grand Canyon Education by 3.0% in the third quarter. Van Berkom & Associates Inc. now owns 523,305 shares of the company’s stock worth $114,876,000 after purchasing an additional 15,235 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Grand Canyon Education by 3.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 405,506 shares of the company’s stock valued at $89,017,000 after buying an additional 12,834 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LOPE shares. Barrington Research restated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, February 19th. Weiss Ratings cut shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $163.97 on Friday. Grand Canyon Education, Inc. has a 1 year low of $149.37 and a 1 year high of $223.04. The company’s fifty day moving average price is $168.10 and its 200 day moving average price is $180.71. The company has a market capitalization of $4.45 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The firm had revenue of $308.12 million for the quarter, compared to analyst estimates of $307.92 million. During the same quarter last year, the firm posted $2.95 EPS. The business’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Grand Canyon Education Profile

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.