Cwm LLC Has $1.20 Million Position in Grand Canyon Education, Inc. $LOPE

Cwm LLC boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 128.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,213 shares of the company’s stock after purchasing an additional 4,060 shares during the quarter. Cwm LLC’s holdings in Grand Canyon Education were worth $1,200,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LOPE. NewEdge Advisors LLC grew its position in Grand Canyon Education by 4,339.5% in the 1st 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 period. Goldman Sachs Group Inc. boosted its stake in Grand Canyon Education by 14.9% during the 1st 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 during the last quarter. Empowered Funds LLC boosted its stake in Grand Canyon Education by 2.1% during the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after purchasing an additional 161 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Grand Canyon Education by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock valued at $21,318,000 after purchasing an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Grand Canyon Education by 156.9% during the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after purchasing an additional 22,812 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $163.49 on Monday. Grand Canyon Education, Inc. has a twelve month low of $149.37 and a twelve month high of $223.04. The stock’s 50 day moving average price is $165.92 and its 200-day moving average price is $171.93. The company has a market capitalization of $4.44 billion, a PE ratio of 21.18, a PEG ratio of 1.08 and a beta of 0.67.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.02. The company had revenue of $308.12 million for the quarter, compared to the consensus estimate of $307.92 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.95 EPS. As a group, research analysts expect that Grand Canyon Education, Inc. will post 10.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LOPE. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.