Granite Investment Partners LLC Reduces Position in Grand Canyon Education, Inc. $LOPE
Granite Investment Partners LLC reduced its holdings in Grand Canyon Education, Inc. by 51.3% in Q2, now owning 11,566 shares worth $2.19 million. Other institutional investors also adjusted their positions. Grand Canyon Education's stock opened at $156.65, with a market cap of $4.38 billion. The company reported Q3 earnings of $1.78 per share, matching estimates, and revenue of $261.14 million, up 9.6% YoY. Analysts have a consensus rating of 'Moderate Buy' with a target price of $220.00.
Granite Investment Partners LLC decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 51.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,566 shares of the company's stock after selling 12,195 shares during the quarter. Granite Investment Partners LLC's holdings in Grand Canyon Education were worth $2,186,000 at the end of the most recent reporting period.
Get Grand Canyon Education alerts:
- 3 mid-caps with RSIs that scream oversold
Several other hedge funds and other institutional investors have also recently modified their holdings of LOPE. NDVR Inc. boosted its holdings in Grand Canyon Education by 2.9% during the 2nd quarter. NDVR Inc. now owns 1,837 shares of the company's stock valued at $347,000 after acquiring an additional 52 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Grand Canyon Education by 2.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,009 shares of the company's stock worth $552,000 after purchasing an additional 59 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Grand Canyon Education by 0.4% during the second quarter. Cetera Investment Advisers now owns 16,281 shares of the company's stock valued at $3,077,000 after purchasing an additional 65 shares during the period. Synovus Financial Corp grew its holdings in shares of Grand Canyon Education by 2.8% in the first quarter. Synovus Financial Corp now owns 2,476 shares of the company's stock worth $428,000 after purchasing an additional 68 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Grand Canyon Education by 2.9% in the 1st quarter. Benjamin Edwards Inc. now owns 2,683 shares of the company's stock worth $464,000 after buying an additional 75 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.
Grand Canyon Education Stock Down 0.9%
Grand Canyon Education stock opened at $156.65 on Wednesday. The firm has a market cap of $4.38 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.50 and a beta of 0.74. The business has a fifty day moving average of $191.50 and a two-hundred day moving average of $190.83. Grand Canyon Education, Inc. has a twelve month low of $153.82 and a twelve month high of $223.04.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.78 EPS for the quarter, hitting the consensus estimate of $1.78. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The firm had revenue of $261.14 million during the quarter, compared to analyst estimates of $259.97 million. During the same period in the previous year, the company posted $1.48 EPS. The business's revenue for the quarter was up 9.6% compared to the same quarter last year. Grand Canyon Education has set its FY 2025 guidance at 9.020-9.13 EPS and its Q4 2025 guidance at 3.130-3.240 EPS. Equities analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have issued reports on LOPE. Barrington Research reissued an "outperform" rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, October 21st. Zacks Research downgraded shares of Grand Canyon Education from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Wall Street Zen cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Grand Canyon Education in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $220.00.
Read Our Latest Stock Analysis on Grand Canyon Education
About Grand Canyon Education
(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.
Recommended Stories
- Five stocks we like better than Grand Canyon Education
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Wall Street’s Sleeping Giant: Is Amazon About to Wake Up?
- What is the S&P 500 and How It is Distinct from Other Indexes
- Checkmate in the Cloud: ServiceNow's Shopping Spree
- Top Biotech Stocks: Exploring Innovation Opportunities
- The Contrarian Case for MSTR Amid MSCI Delisting Debacle
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Grand Canyon Education Right Now?
Before you consider Grand Canyon Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grand Canyon Education wasn't on the list.
While Grand Canyon Education currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
