Teacher Retirement System of Texas Cuts Stake in Grand Canyon Education, Inc. $LOPE

by · The Cerbat Gem

Teacher Retirement System of Texas lessened its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 68.7% during the third quarter, HoldingsChannel reports. The firm owned 11,719 shares of the company’s stock after selling 25,667 shares during the period. Teacher Retirement System of Texas’ holdings in Grand Canyon Education were worth $2,573,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. NewEdge Advisors LLC lifted its position in Grand Canyon Education by 4,339.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after acquiring an additional 1,866 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 purchasing an additional 15,019 shares during the period. Empowered Funds LLC lifted its position in shares of Grand Canyon Education by 2.1% during the first quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock worth $1,371,000 after purchasing an additional 161 shares in 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% during 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 purchasing an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Grand Canyon Education by 156.9% in the first quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after purchasing an additional 22,812 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LOPE. Weiss Ratings downgraded shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Zacks Research lowered Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Barrington Research reiterated an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

View Our Latest Research Report on LOPE

Grand Canyon Education Stock Performance

LOPE opened at $172.54 on Friday. The company has a market capitalization of $4.83 billion, a P/E ratio of 23.25, a PEG ratio of 1.15 and a beta of 0.75. The company has a 50-day moving average of $166.68 and a 200-day moving average of $184.94. Grand Canyon Education, Inc. has a 1-year low of $149.83 and a 1-year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.78 EPS for the quarter, hitting analysts’ consensus estimates of $1.78. The business had revenue of $261.14 million during the quarter, compared to the consensus estimate of $259.97 million. Grand Canyon Education had a return on equity of 32.41% and a net margin of 19.38%.The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.48 earnings per share. 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. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Grand Canyon Education Profile

(Free Report)

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.

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