Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,664 shares of the company’s stock after selling 351 shares during the quarter. Federated Hermes Inc.’s holdings in Grand Canyon Education were worth $600,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LOPE. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Grand Canyon Education in the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Grand Canyon Education during the 4th quarter worth about $32,000. Financial Life Planners acquired a new stake in shares of Grand Canyon Education in the fourth quarter worth approximately $37,000. Harvest Fund Management Co. Ltd purchased a new stake in Grand Canyon Education in the fourth quarter valued at approximately $59,000. Finally, Versant Capital Management Inc grew its holdings in Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after purchasing an additional 167 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Barrington Research reiterated an “outperform” rating and issued a $205.00 target price on shares of Grand Canyon Education in a report on Tuesday. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

Grand Canyon Education Stock Up 0.5 %

Grand Canyon Education stock opened at $178.67 on Thursday. The firm has a fifty day moving average of $175.09 and a 200-day moving average of $164.06. Grand Canyon Education, Inc. has a 52-week low of $126.17 and a 52-week high of $192.18. The firm has a market capitalization of $5.13 billion, a P/E ratio of 23.08, a PEG ratio of 1.42 and a beta of 0.82.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.02. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. On average, research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Grand Canyon Education Company Profile

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.