Meeder Asset Management Inc. Has $761,000 Stock Holdings in Grand Canyon Education, Inc. $LOPE

by · The Cerbat Gem

Meeder Asset Management Inc. lowered its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 83.9% in the third quarter, Holdings Channel reports. The institutional investor owned 3,467 shares of the company’s stock after selling 18,080 shares during the period. Meeder Asset Management Inc.’s holdings in Grand Canyon Education were worth $761,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Grand Canyon Education in the second quarter valued at about $65,736,000. Invesco Ltd. raised its stake in Grand Canyon Education by 57.5% in the 2nd quarter. Invesco Ltd. now owns 560,068 shares of the company’s stock worth $105,853,000 after purchasing an additional 204,582 shares in the last quarter. ABN AMRO Bank N.V. bought a new stake in Grand Canyon Education in the 2nd quarter valued at about $33,910,000. Pacer Advisors Inc. grew its position in shares of Grand Canyon Education by 2,453.7% during the 3rd quarter. Pacer Advisors Inc. now owns 126,024 shares of the company’s stock worth $27,665,000 after purchasing an additional 121,089 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Grand Canyon Education during the 2nd quarter worth approximately $19,725,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 0.4%

NASDAQ LOPE opened at $177.05 on Tuesday. The firm’s 50 day simple moving average is $164.29 and its 200 day simple moving average is $185.42. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 1.16 and a beta of 0.75. 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 announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.78 EPS for the quarter, meeting the consensus estimate 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 net margin of 19.38% and a return on equity of 32.41%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business 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. On average, equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LOPE shares. Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Grand Canyon Education in a research note on Monday, December 29th. Zacks Research cut Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a report on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Read Our Latest Analysis on LOPE

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.

Further Reading

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