Callan Family Office LLC Acquires Shares of 4,508 Grand Canyon Education, Inc. $LOPE

Key Points

• Callan Family Office LLC acquired a stake of 4,508 shares in Grand Canyon Education, Inc. (NASDAQ: LOPE) during Q2, valued at approximately $852,000.
• Grand Canyon Education reported an EPS of $1.53 for the last quarter, exceeding analysts' estimates and showing an 8.8% increase in revenue compared to the previous year.
• Institutional investors, including Burgundy Asset Management and Allianz Asset Management, now own 94.17% of Grand Canyon Education's stock, influenced by various strategic acquisitions and adjustments.

Callan Family Office LLC acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,508 shares of the company's stock, valued at approximately $852,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. raised its stake in Grand Canyon Education by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 946,152 shares of the company's stock valued at $163,703,000 after buying an additional 61,034 shares in the last quarter. AQR Capital Management LLC raised its stake in Grand Canyon Education by 2.1% during the first quarter. AQR Capital Management LLC now owns 577,082 shares of the company's stock valued at $99,656,000 after buying an additional 12,003 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Grand Canyon Education by 79.7% during the first quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company's stock valued at $66,828,000 after purchasing an additional 171,261 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Grand Canyon Education by 8.1% during the first quarter. Northern Trust Corp now owns 370,875 shares of the company's stock valued at $64,169,000 after purchasing an additional 27,714 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Grand Canyon Education by 3.8% during the first quarter. Los Angeles Capital Management LLC now owns 360,825 shares of the company's stock valued at $62,430,000 after purchasing an additional 13,347 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 LOPE stock opened at $207.71 on Tuesday. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $220.79. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.53 and a beta of 0.76. The business has a 50 day simple moving average of $205.09 and a 200 day simple moving average of $189.86.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.16. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. During the same period in the prior year, the company posted $1.19 EPS. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barrington Research reaffirmed an "outperform" rating and set a $230.00 target price on shares of Grand Canyon Education in a report on Tuesday, September 23rd. Zacks Research lowered Grand Canyon Education from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Wall Street Zen raised Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. BMO Capital Markets lowered their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Grand Canyon Education in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $208.67.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.

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