Exchange Traded Concepts LLC Has $1.04 Million Stock Holdings in Grand Canyon Education, Inc. $LOPE

Exchange Traded Concepts LLC grew its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1,113.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,247 shares of the company’s stock after acquiring an additional 5,732 shares during the period. Exchange Traded Concepts LLC’s holdings in Grand Canyon Education were worth $1,039,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC raised its holdings in shares of Grand Canyon Education by 46.0% in the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after buying an additional 64 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Grand Canyon Education by 6.7% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,019 shares of the company’s stock worth $224,000 after acquiring an additional 64 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Grand Canyon Education by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock valued at $1,421,000 after acquiring an additional 65 shares in the last quarter. NewEdge Advisors LLC increased its position in Grand Canyon Education by 2.5% in the 3rd quarter. NewEdge Advisors LLC now owns 3,069 shares of the company’s stock valued at $674,000 after acquiring an additional 76 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Grand Canyon Education by 2.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,086 shares of the company’s stock worth $646,000 after acquiring an additional 77 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 $171.36 on Friday. Grand Canyon Education, Inc. has a twelve month low of $149.37 and a twelve month high of $223.04. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.13 and a beta of 0.67. The company’s fifty day moving average is $165.52 and its 200-day moving average is $177.03.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 18th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. The business had revenue of $308.12 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $2.95 EPS. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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