Gallacher Capital Management LLC Takes $539,000 Position in Grand Canyon Education, Inc. $LOPE

Key Points

• Gallacher Capital Management LLC has acquired a new position in Grand Canyon Education, purchasing 2,853 shares valued at approximately $539,000 in the second quarter.
• Grand Canyon Education reported a 12-month revenue increase of 8.8%, achieving earnings of $1.53 per share, which surpassed analysts' expectations.
• Equities analysts have a consensus rating of "Buy" for Grand Canyon Education, with an average price target of $203.67 after recent evaluations.

Gallacher Capital Management LLC purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,853 shares of the company's stock, valued at approximately $539,000.

Other hedge funds have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in Grand Canyon Education during the first quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Grand Canyon Education during the 1st quarter worth $35,000. WPG Advisers LLC acquired a new position in shares of Grand Canyon Education during the 1st quarter worth $44,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Grand Canyon Education by 58.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock worth $45,000 after buying an additional 96 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock worth $55,000 after buying an additional 165 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Up 0.1%

Shares of LOPE opened at $209.66 on Monday. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $211.31. The business has a 50-day simple moving average of $187.88 and a two-hundred day simple moving average of $184.00. The stock has a market cap of $5.89 billion, a PE ratio of 25.38, a PEG ratio of 1.54 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its earnings results 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 analysts' expectations of $240.90 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barrington Research reissued an "outperform" rating and set a $215.00 price target on shares of Grand Canyon Education in a report on Thursday, August 7th. BMO Capital Markets lowered their price target 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, Wall Street Zen raised Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $203.67.

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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