8,045 Shares in Grand Canyon Education, Inc. $LOPE Bought by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group LLC purchased a new stake of 8,045 shares of Grand Canyon Education (NASDAQ:LOPE) in the fourth quarter, valued at about $1.34 million.
• Grand Canyon Education reported quarterly EPS of $3.21 (beating estimates by $0.02) on revenue of $308.12 million, and the stock trades at a P/E of 21.03 with a PEG of 1.07 and a market cap around $4.41 billion.
• Institutional investors own roughly 94.17% of LOPE, and analysts have a consensus "Moderate Buy" rating with a $220 price target (including a $230 target from Barrington and mixed hold ratings from others).

CWA Asset Management Group LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,045 shares of the company's stock, valued at approximately $1,338,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NDVR Inc. raised its position in shares of Grand Canyon Education by 2.9% during the second quarter. NDVR Inc. now owns 1,837 shares of the company's stock worth $347,000 after acquiring an additional 52 shares during the last quarter. True Wealth Design LLC boosted its holdings in Grand Canyon Education by 46.0% in the third quarter. True Wealth Design LLC now owns 203 shares of the company's stock valued at $45,000 after acquiring an additional 64 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Grand Canyon Education by 6.7% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,019 shares of the company's stock valued at $224,000 after purchasing an additional 64 shares during the period. Cetera Investment Advisers increased its position in Grand Canyon Education by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 16,281 shares of the company's stock valued at $3,077,000 after purchasing an additional 65 shares during the period. Finally, Orion Porfolio Solutions LLC raised its holdings in Grand Canyon Education by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company's stock worth $1,421,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $162.35 on Monday. The stock's 50-day moving average is $167.27 and its 200 day moving average is $179.20. Grand Canyon Education, Inc. has a one year low of $149.37 and a one year high of $223.04. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.07 and a beta of 0.72.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.02. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The business had revenue of $308.12 million during the quarter, compared to the consensus estimate of $307.92 million. During the same period in the previous year, the company posted $2.95 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LOPE shares. Barrington Research restated an "outperform" rating and issued a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, February 19th. Weiss Ratings cut shares of Grand Canyon Education from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

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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