Capstone Investment Advisors LLC Invests $1.54 Million in Grand Canyon Education, Inc. $LOPE

Key Points

• Capstone Investment Advisors acquired 10,789 shares of Grand Canyon Education in the second quarter, valued at approximately $1.54 million. Institutional investors collectively own 94.17% of the company.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Hold ratings. The stock has an average “Moderate Buy” rating and an average price target of $161.67.
• Grand Canyon Education exceeded quarterly expectations, reporting EPS of $1.81 versus the $1.67 consensus estimate and revenue of $264.05 million, up 6.7% year over year.

Capstone Investment Advisors LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,789 shares of the company's stock, valued at approximately $1,544,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Grand Canyon Education by 4,339.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company's stock worth $330,000 after acquiring an additional 1,866 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Grand Canyon Education by 14.9% during the first quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company's stock worth $19,985,000 after purchasing an additional 15,019 shares during the last quarter. Empowered Funds LLC grew its position in Grand Canyon Education by 2.1% in the first quarter. Empowered Funds LLC now owns 7,925 shares of the company's stock valued at $1,371,000 after purchasing an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Grand Canyon Education by 7.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company's stock valued at $21,318,000 after purchasing an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Grand Canyon Education by 156.9% in the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company's stock valued at $6,462,000 after buying an additional 22,812 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $150.19 on Friday. Grand Canyon Education, Inc. has a 52 week low of $134.27 and a 52 week high of $223.04. The stock has a market capitalization of $3.92 billion, a P/E ratio of 18.16, a PEG ratio of 0.97 and a beta of 0.57. The stock has a 50-day simple moving average of $146.59 and a 200 day simple moving average of $156.43.

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

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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