Grand Canyon Education, Inc. $LOPE Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 45.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 156,076 shares of the company’s stock after buying an additional 48,812 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.56% of Grand Canyon Education worth $25,957,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of Grand Canyon Education by 4,339.5% in the first 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. boosted its stake in shares of Grand Canyon Education by 14.9% during the first quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock valued at $19,985,000 after acquiring an additional 15,019 shares during the last quarter. Empowered Funds LLC increased its position 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 purchasing an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 worth $21,318,000 after purchasing an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC raised its stake 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 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 Stock Down 1.7%

Shares of NASDAQ:LOPE opened at $166.58 on Friday. The company has a market cap of $4.52 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.12 and a beta of 0.72. The business has a fifty day simple moving average of $166.37 and a 200-day simple moving average of $178.29. Grand Canyon Education, Inc. has a 52 week low of $149.37 and a 52 week high of $223.04.

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, topping the consensus estimate 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 the consensus estimate of $307.92 million. During the same period in the prior year, the business posted $2.95 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.