The Vanguard Group, Inc. has recently announced that it has increased stake in Grand Canyon Education Inc. (NASDAQ:LOPE) by 0.85%. After grabbing 2.93 million shares, the institutional investor is now in possession of 24715.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 9.42% having worth around $309.92 million. Moreover, GW&K Investment Management LLC increased its share by 16302.0 to have a control over 0.88 million shares.
Grand Canyon Education Inc. (LOPE) concluded trading on 01/19/23 at a closing price of $110.00, with 0.15 million shares of worth about $15.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.19% during that period and on Thursday the price saw a loss of about -0.32%. Currently the company’s common shares owned by public are about 31.30M shares, out of which, 30.54M shares are available for trading.
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Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $125.00 and could fall to a lowest price of $110.00. However, touching the estimated high of $125.00 would mean a gain of 12.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 27 times over the past 12 months. They bought 51,872 shares in 12 of the transactions. In 15 selling transactions, insiders dumped 23,830 shares.
Fidelity Small Cap America Fund, Vanguard Total Stock Market Index, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Grand Canyon Education Inc. Fidelity Small Cap America Fund is currently holding 1.48 million shares of worth totaling $156.03 million. The company recently came selling 46358.0 shares which brought its stake up to 4.74% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 1323.0 shares, after which its hold over company’s outstanding shares expand to 3.10%, leaving 0.97 million shares with the mutual fund that have a worth of about $101.97 million. iShares Core S&P Mid Cap ETF, after selling 0.95 million shares, have now control over 3.04% of the stake in the company. It holds 180.0 shares of worth $99.98 million.
Grand Canyon Education Inc. (NASDAQ: LOPE) started trading at $110.90, above $0.55 from concluding price of the previous day. However, the stock later moved at a day high price of 111.19, or with a loss of -0.32%. Stock saw a price change of -2.86% in past 5 days and over the past one month there was a price change of 4.99%. Year-to-date (YTD), LOPE shares are showing a performance of 4.11% which increased to 27.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.00 but also hit the highest price of $116.65 during that period. The average intraday trading volume for Grand Canyon Education Inc. shares is 239.30K. The stock is currently trading 0.85% above its 20-day simple moving average (SMA20), while that difference is up 1.52% for SMA50 and it goes to 16.83% higher than SMA200.
The Vanguard Group, Inc. acquired 2.93 million shares of Grand Canyon Education Inc. having value of about $309.92 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 24715.0 shares in the company valued at close to $2718650.0, or have control over 0.85% stake in the company. Holding of mutual funds in the company is about 42.22% while other institutional holders and individual stake holders have control over 59.06% and 32.96% of the stake respectively.
The stock has a current market capitalization of $3.40B and its 3Y-monthly beta is at 0.56. PE ratio of stock for trailing 12 months is 19.75, while it has posted earnings per share of $5.57 in the same period. It has Quick Ratio of 2.30 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LOPE, volatility over the week remained 2.00% while standing at 2.22% over the month.
Analysts are in expectations that Grand Canyon Education Inc. (LOPE) stock would likely to be making an EPS of $2.16 in the current quarter, while forecast for next quarter EPS is $1.9 and it is $6.12 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.15 which is $2.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.60% while it is estimated to increase by 7.30% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Berenberg on January 28, 2022 offering a Hold rating for the stock and assigned a target price range of between $110 and $86 to it. Stock get an Outperform rating from Barrington Research on November 09, 2018.
