Wellington Management Group LLP Has $3.78 Million Position in Grand Canyon Education, Inc. $LOPE

Wellington Management Group LLP raised its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 145.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,400 shares of the company’s stock after acquiring an additional 15,633 shares during the quarter. Wellington Management Group LLP owned about 0.10% of Grand Canyon Education worth $3,778,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in shares of Grand Canyon Education by 4,339.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock valued at $330,000 after purchasing an additional 1,866 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Grand Canyon Education by 14.9% during the first quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock valued at $19,985,000 after buying an additional 15,019 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Grand Canyon Education by 2.1% in the first quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock worth $1,371,000 after buying an additional 161 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Grand Canyon Education by 7.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock worth $21,318,000 after buying an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Grand Canyon Education by 156.9% during the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock worth $6,462,000 after acquiring an additional 22,812 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of recent analyst reports. Barrington Research set a $200.00 price objective on Grand Canyon Education in a research note on Friday, July 31st. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. BMO Capital Markets lowered their price target on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Finally, Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.67.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $151.00 on Thursday. Grand Canyon Education, Inc. has a 52 week low of $134.27 and a 52 week high of $223.04. The firm has a market capitalization of $3.94 billion, a PE ratio of 18.26, a PEG ratio of 0.99 and a beta of 0.58. The business’s 50-day simple moving average is $147.91 and its 200-day simple moving average is $155.71.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.14. The firm had revenue of $264.05 million for the quarter, compared to analyst estimates of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 EPS. Research analysts forecast that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current year.

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.