Erste Asset Management GmbH boosted its stake in Grand Canyon Education, Inc. (NASDAQ: LOPE) by 72.2% in fourth quarter, 277 more shares, Erste now holds 34,043 shares worth about $5.7 million - around 0.12% of company.
Other investors also shifted positions in Grand Canyon Education. International Assets Investment Management LLC jumped in with a new $25,000 stake same quarter. Larson Financial Group LLC upped holdings by 70.7%,now at 157 shares valued $26,000 after adding 65 more. Hantz Financial Services Inc. raised its stake by 98.2%, totaling 218 shares worth $36,000 with 108 new shares .
In third quarter,Employees Retirement System of Texas and Financial Life Planners made fresh investments in Grand Canyon Education, valued around $48,000 and $49,000. Institutional investors and hedge funds now own 94.17% of company’s stock.
On Wednesday, Grand Canyon Education shares opened at $149.65. Stock's been bouncing between a low of $145.00 and a high of $223.04 over past year. Company has market cap of $3.97 billion, P/E ratio of 18.71,and P/E growth ratio of 0.97. Beta at 0.56 shows less volatility than market .
Grand Canyon Education's quarterly earnings report out April 30 showed EPS of $2.86, beating expectations of $2.78 by $0.08. Revenue hit $308.76 million, just over forecast of $307.75 million . Year-over-year revenue jumped 6.7%,up from $2.57 EPS same time last year. Analysts expect average EPS of 10.22 for current fiscal year.
Equities analysts have mixed ratings for Grand Canyon Education . Truist Financial set price target at $100.00 . Barrington Research kept “outperform” rating with $230.00 target . Weiss Ratings reaffirmed “hold (c+)” rating. BMO Capital Markets reiterated “outperform” rating. Three analysts recommend Buy, two suggest hold. Average rating? “Moderate Buy” with consensus price target $180.00.
Grand Canyon Education, Inc. offers higher-education services through long-term deal with Grand Canyon University,one of largest private Christian universities in U.S. Services include enrollment management,student recruitment,curriculum development,technology infrastructure — for both traditional and non-traditional learners .
