Ieq Capital LLC Has $823,000 Stake in Grand Canyon Education, Inc. $LOPE

Key Points

• Ieq Capital LLC increased its stake in Grand Canyon Education, Inc. by 40.8% during the first quarter, bringing its total holdings to 4,755 shares worth approximately $823,000.
• Grand Canyon Education reported an EPS of $1.53 for the latest quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 8.8% to $247.50 million.
• Research analysts have rated Grand Canyon Education as a "Buy," with a consensus price target of $203.67, despite some firms adjusting their price targets downwards.

Ieq Capital LLC raised its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 40.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,755 shares of the company's stock after acquiring an additional 1,378 shares during the period. Ieq Capital LLC's holdings in Grand Canyon Education were worth $823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SVB Wealth LLC acquired a new stake in shares of Grand Canyon Education in the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Grand Canyon Education in the 1st quarter worth approximately $35,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Grand Canyon Education by 58.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock worth $45,000 after acquiring an additional 96 shares during the period. UMB Bank n.a. lifted its stake in Grand Canyon Education by 107.8% in the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock valued at $55,000 after buying an additional 165 shares in the last quarter. Finally, Cypress Capital Management LLC WY purchased a new stake in Grand Canyon Education in the 1st quarter valued at approximately $65,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barrington Research reissued an "outperform" rating and set a $215.00 price target on shares of Grand Canyon Education in a research note on Thursday, August 7th. BMO Capital Markets reduced their price target on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research note on Monday, July 7th. Finally, Wall Street Zen raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $203.67.

Grand Canyon Education Trading Down 0.4%

NASDAQ LOPE traded down $0.86 during trading hours on Friday, reaching $204.28. The company's stock had a trading volume of 171,092 shares, compared to its average volume of 246,975. The business has a 50-day simple moving average of $185.79 and a 200 day simple moving average of $183.06. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $207.22. The stock has a market cap of $5.74 billion, a PE ratio of 24.73, a PEG ratio of 1.50 and a beta of 0.80.

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

About Grand Canyon Education

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.