8,009 Shares in Grand Canyon Education, Inc. $LOPE Acquired by AXQ Capital LP

Key Points

• AXQ Capital LP acquired 8,009 shares of Grand Canyon Education during the second quarter, valued at approximately $1.15 million. Institutional investors and hedge funds collectively own 94.17% of the company.
• Grand Canyon Education reported quarterly earnings of $1.81 per share, beating estimates of $1.67, while revenue rose 6.7% year over year to $264.05 million.
• LOPE shares opened at $152.67, near the analyst consensus price target of $161.67. Analysts maintain a “Moderate Buy” consensus, with three Buy ratings and two Hold ratings.

AXQ Capital LP purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,009 shares of the company's stock, valued at approximately $1,146,000.

Several other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at $25,000. Larson Financial Group LLC increased its position in shares of Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company's stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Toronto Dominion Bank bought a new position in Grand Canyon Education during the 4th quarter valued at about $26,000. Financial Life Planners acquired a new position in Grand Canyon Education in the first quarter valued at about $33,000. Finally, Leonteq Securities AG boosted 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 buying an additional 64 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Trading Up 0.1%

Shares of LOPE stock opened at $152.67 on Friday. Grand Canyon Education, Inc. has a 1 year low of $134.27 and a 1 year high of $223.04. The firm's 50 day moving average is $147.47 and its 200-day moving average is $155.95. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.99 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

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

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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