Caisse de depot et placement du Quebec Makes New $1.53 Million Investment in Grand Canyon Education, Inc. $LOPE

Key Points

• Caisse de dépôt et placement du Québec acquired 10,700 shares of Grand Canyon Education in the second quarter, valued at approximately $1.53 million. Institutional investors collectively own 94.17% of the company.
• Analyst sentiment remains positive but mixed, with three Buy ratings and two Hold ratings. Grand Canyon Education has a consensus rating of “Moderate Buy” and an average price target of $161.67.
• The company exceeded quarterly expectations, reporting earnings of $1.81 per share versus $1.67 expected and revenue of $264.05 million. Revenue increased 6.7% year over year, while shares opened at $151.19.

Caisse de depot et placement du Quebec acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,700 shares of the company's stock, valued at approximately $1,531,000.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Grand Canyon Education during the fourth quarter worth $25,000. Larson Financial Group LLC lifted its position in Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company's stock valued at $26,000 after purchasing an additional 65 shares during the period. Toronto Dominion Bank purchased a new stake in Grand Canyon Education in the fourth quarter valued at $26,000. Financial Life Planners acquired a new stake in Grand Canyon Education during the 1st quarter worth about $33,000. Finally, Leonteq Securities AG grew its position in Grand Canyon Education by 48.9% during the 1st quarter. Leonteq Securities AG now owns 195 shares of the company's stock worth $33,000 after purchasing an additional 64 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Grand Canyon Education Stock Performance

LOPE stock opened at $151.19 on Friday. Grand Canyon Education, Inc. has a one year low of $134.27 and a one year high of $223.04. The firm's fifty day moving average is $146.78 and its 200 day moving average is $156.39. The firm has a market cap of $3.94 billion, a PE ratio of 18.28, a P/E/G ratio of 0.98 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, topping 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 the consensus estimate of $261.87 million. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The company's revenue was up 6.7% compared to the same quarter last year. Research analysts predict that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current fiscal year.

About Grand Canyon Education

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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