Brown Advisory Inc. Takes Position in Grand Canyon Education, Inc. (NASDAQ:LOPE) (2024)

Posted by Defense World Staff on May 28th, 2024

Brown Advisory Inc. purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,650 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds have also recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its position in shares of Grand Canyon Education by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after purchasing an additional 85 shares in the last quarter. Wealth Alliance lifted its holdings in shares of Grand Canyon Education by 3.9% during the 4th quarter. Wealth Alliance now owns 2,277 shares of the company’s stock worth $301,000 after acquiring an additional 85 shares during the last quarter. Riverwater Partners LLC lifted its holdings in shares of Grand Canyon Education by 0.7% during the 4th quarter. Riverwater Partners LLC now owns 12,597 shares of the company’s stock worth $1,663,000 after acquiring an additional 89 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Grand Canyon Education by 15.2% during the 3rd quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock worth $126,000 after acquiring an additional 142 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Grand Canyon Education by 14.0% during the 3rd quarter. Covestor Ltd now owns 1,181 shares of the company’s stock worth $138,000 after acquiring an additional 145 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the transaction, the director now owns 2,635 shares in the company, valued at $389,874.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the transaction, the director now owns 2,635 shares in the company, valued at $389,874.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the transaction, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The disclosure for this sale can be found here. Insiders sold 3,270 shares of company stock valued at $462,724 over the last three months. Insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Up 0.7 %

Grand Canyon Education stock opened at $145.46 on Tuesday. The company has a market capitalization of $4.33 billion, a PE ratio of 20.34, a P/E/G ratio of 1.24 and a beta of 0.60. The firm has a fifty day simple moving average of $136.50 and a two-hundred day simple moving average of $134.44. Grand Canyon Education, Inc. has a twelve month low of $99.65 and a twelve month high of $156.56.

Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.13. The business had revenue of $274.68 million during the quarter, compared to the consensus estimate of $272.42 million. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 earnings per share. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 7.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LOPE shares. Barrington Research lifted their price objective on shares of Grand Canyon Education from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Robert W. Baird lifted their price objective on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th.

Read Our Latest Stock Analysis on Grand Canyon Education

Grand Canyon Education Profile

(Free Report)

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.