JPMorgan Chase & Co. Has $42.02 Million Stock Holdings in Grand Canyon Education, Inc. $LOPE

JPMorgan Chase & Co. reduced its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 191,400 shares of the company’s stock after selling 3,314 shares during the period. JPMorgan Chase & Co. owned approximately 0.68% of Grand Canyon Education worth $42,016,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LOPE. Mather Group LLC. bought a new stake in shares of Grand Canyon Education during the third quarter worth $29,000. Manning & Napier Advisors LLC bought a new stake in Grand Canyon Education in the 3rd quarter valued at $32,000. True Wealth Design LLC lifted its position in Grand Canyon Education by 46.0% in the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after acquiring an additional 64 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Grand Canyon Education in the 3rd quarter worth $48,000. Finally, Financial Life Planners bought a new position in Grand Canyon Education during the 3rd quarter worth about $49,000. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Grand Canyon Education Stock Down 1.3%

Shares of LOPE stock opened at $162.35 on Friday. Grand Canyon Education, Inc. has a 12 month low of $149.37 and a 12 month high of $223.04. The company’s fifty day simple moving average is $167.27 and its 200-day simple moving average is $179.38. The firm has a market cap of $4.41 billion, a PE ratio of 21.03, a P/E/G ratio of 1.07 and a beta of 0.72.

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

Grand Canyon Education Company 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.