Amundi Buys 10,441 Shares of Grand Canyon Education, Inc. $LOPE

Key Points

• Amundi increased its Grand Canyon Education position by 12.5% in the second quarter, purchasing 10,441 shares to own 94,133 shares valued at approximately $13.5 million. Institutional investors collectively own 94.17% of the company.
• Grand Canyon Education beat quarterly expectations, reporting $1.81 in EPS versus the $1.67 consensus and revenue of $264.05 million, up 6.7% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $161.67 average price target versus the stock’s recent $151.20 price, although some firms recently downgraded or lowered targets.

Amundi grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 12.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,133 shares of the company's stock after purchasing an additional 10,441 shares during the period. Amundi owned approximately 0.36% of Grand Canyon Education worth $13,471,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Grand Canyon Education during the 2nd quarter valued at approximately $1,628,000. California State Teachers Retirement System increased its position in Grand Canyon Education by 13,436.9% in the second quarter. California State Teachers Retirement System now owns 4,479,629 shares of the company's stock worth $641,080,000 after purchasing an additional 4,446,537 shares during the last quarter. AXQ Capital LP purchased a new stake in Grand Canyon Education during the second quarter valued at $1,146,000. iSAM Funds UK Ltd purchased a new stake in Grand Canyon Education during the second quarter valued at $215,000. Finally, Nykredit A S purchased a new stake in shares of Grand Canyon Education during the 2nd quarter valued at about $333,000. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Trading Down 0.0%

Shares of LOPE stock opened at $151.20 on Friday. Grand Canyon Education, Inc. has a twelve month low of $134.27 and a twelve month high of $223.04. The stock has a market cap of $3.94 billion, a P/E ratio of 18.28, a P/E/G ratio of 0.99 and a beta of 0.58. The stock has a 50 day moving average of $147.86 and a 200 day moving average of $155.63.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced 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 the consensus estimate of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 earnings per share. On average, research analysts predict that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOPE has been the subject of a number of analyst reports. BMO Capital Markets lowered their price target on shares of Grand Canyon Education from $198.00 to $185.00 and set an "outperform" rating for the company in a report on Monday, July 6th. 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. Barrington Research set a $200.00 price target on shares of Grand Canyon Education in a report on Friday, July 31st. Weiss Ratings downgraded shares of Grand Canyon Education from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 25th. Finally, Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research report on Tuesday, June 9th. 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.67.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is an education services company that provides technology, operational and support solutions to colleges and universities. Its services are designed to help partner institutions deliver traditional, online and hybrid academic programs while managing student recruitment, enrollment and ongoing support.

The company's offerings include learning-management and information-technology systems, marketing and student outreach, academic counseling, finance and accounting support, faculty and curriculum services, and data analytics.

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