35,000 Shares in Grand Canyon Education, Inc. $LOPE Acquired by Crown Advisors Management Inc.

Key Points

• Crown Advisors Management acquired 35,000 shares of Grand Canyon Education valued at approximately $5.0 million, representing about 0.13% of the company and 2.8% of the investor’s portfolio.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Holds; the stock has a “Moderate Buy” consensus and an average price target of $161.67.
• Grand Canyon Education exceeded quarterly expectations, reporting $1.81 in EPS versus $1.67 expected and $264.05 million in revenue, up 6.7% year over year.

Crown Advisors Management Inc. purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,000 shares of the company's stock, valued at approximately $5,009,000. Grand Canyon Education makes up approximately 2.8% of Crown Advisors Management Inc.'s investment portfolio, making the stock its 10th biggest holding. Crown Advisors Management Inc. owned about 0.13% of Grand Canyon Education as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Grand Canyon Education during the 4th quarter worth approximately $25,000. Larson Financial Group LLC grew its position in shares of Grand Canyon Education by 70.7% in the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company's stock valued at $26,000 after buying an additional 65 shares during the last quarter. Toronto Dominion Bank acquired a new stake in Grand Canyon Education during the 4th quarter worth $26,000. Financial Life Planners acquired a new stake in Grand Canyon Education during the 1st quarter worth $33,000. Finally, Leonteq Securities AG lifted its position in Grand Canyon Education by 48.9% in the first quarter. Leonteq Securities AG now owns 195 shares of the company's stock valued at $33,000 after acquiring an additional 64 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOPE has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Weiss Ratings cut Grand Canyon Education from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 25th. Truist Financial set a $100.00 target price on Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets decreased their target price on Grand Canyon Education from $198.00 to $185.00 and set an "outperform" rating for the company in a research report on Monday, July 6th. Finally, Barrington Research set a $200.00 price target on Grand Canyon Education in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $161.67.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $144.20 on Monday. Grand Canyon Education, Inc. has a one year low of $134.27 and a one year high of $223.04. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 0.94 and a beta of 0.57. The company has a 50-day simple moving average of $146.49 and a 200-day simple moving average of $157.94.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.14. The firm had revenue of $264.05 million for the quarter, compared to analyst estimates of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The business's revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $1.53 earnings per share. As a group, research analysts forecast that Grand Canyon Education, Inc. will post 10.24 EPS for the current fiscal year.

Grand Canyon Education Company Profile

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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