Grand Canyon Education, Inc. $LOPE Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 968.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,403 shares of the company’s stock after buying an additional 3,991 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Grand Canyon Education were worth $732,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth about $25,000. Larson Financial Group LLC boosted its stake in shares of Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after buying an additional 65 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Grand Canyon Education by 98.2% during the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock worth $36,000 after buying an additional 108 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Grand Canyon Education during the third quarter worth $48,000. Finally, Financial Life Planners acquired a new stake in shares of Grand Canyon Education during the third quarter worth $49,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $148.59 on Tuesday. Grand Canyon Education, Inc. has a one year low of $145.00 and a one year high of $223.04. The business has a fifty day moving average of $163.39 and a two-hundred day moving average of $164.67. The company has a market cap of $3.94 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.00 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The company had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same quarter last year, the company earned $2.57 earnings per share. Grand Canyon Education’s quarterly revenue was up 6.7% compared to the same quarter last year. Sell-side analysts predict that Grand Canyon Education, Inc. will post 10.22 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOPE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, April 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a report on Thursday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average 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.