Federated Hermes Inc. Has $578,000 Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Federated Hermes Inc. reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,128 shares of the company’s stock after selling 234 shares during the quarter. Federated Hermes Inc.’s holdings in Grand Canyon Education were worth $578,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LOPE. Intech Investment Management LLC lifted its holdings in Grand Canyon Education by 4.8% during the 4th quarter. Intech Investment Management LLC now owns 2,078 shares of the company’s stock worth $274,000 after purchasing an additional 96 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Grand Canyon Education by 2.5% in the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after acquiring an additional 105 shares during the period. Allegheny Financial Group LTD grew its stake in shares of Grand Canyon Education by 4.3% in the second quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after acquiring an additional 109 shares in the last quarter. Riverwater Partners LLC increased its position in Grand Canyon Education by 0.9% during the first quarter. Riverwater Partners LLC now owns 12,716 shares of the company’s stock worth $1,732,000 after acquiring an additional 119 shares during the period. Finally, Arizona State Retirement System raised its stake in Grand Canyon Education by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,404 shares of the company’s stock worth $1,176,000 after purchasing an additional 156 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $144.31 on Tuesday. Grand Canyon Education, Inc. has a 1 year low of $112.38 and a 1 year high of $157.53. The company’s 50 day simple moving average is $144.95 and its 200 day simple moving average is $140.24. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.17. The business had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. Grand Canyon Education’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LOPE. BMO Capital Markets raised their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th. Finally, Barrington Research reiterated an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a research report on Friday.

About Grand Canyon Education

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.