Azzad Asset Management Inc. ADV Takes $2.03 Million Position in Grand Canyon Education, Inc. $LOPE

Azzad Asset Management Inc. ADV acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 9,250 shares of the company’s stock, valued at approximately $2,030,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Grand Canyon Education by 4,339.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock valued at $330,000 after acquiring an additional 1,866 shares in 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 during the last quarter. Empowered Funds LLC lifted its position in Grand Canyon Education by 2.1% during the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Grand Canyon Education by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock worth $21,318,000 after buying an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Grand Canyon Education by 156.9% in the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after buying an additional 22,812 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings downgraded shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Finally, Barrington Research reiterated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Price Performance

LOPE stock opened at $169.72 on Monday. The business’s 50-day moving average is $168.22 and its two-hundred day moving average is $185.11. The firm has a market capitalization of $4.75 billion, a P/E ratio of 22.87, a P/E/G ratio of 1.12 and a beta of 0.74. Grand Canyon Education, Inc. has a 1 year low of $149.83 and a 1 year high of $223.04.

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.