Grand Canyon Education, Inc. $LOPE Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its Grand Canyon Education stake by 31.4%, selling 21,875 shares and retaining 47,727 shares worth approximately $8.1 million. Institutional investors collectively own 94.17% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $161.67, although some firms recently lowered ratings or targets.
• Grand Canyon Education exceeded quarterly expectations, reporting $1.81 in EPS versus the $1.67 consensus and $264.05 million in revenue, up 6.7% year over year. Shares opened at $146.50, near the lower end of their 52-week range.

Royal Bank of Canada lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 31.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,727 shares of the company's stock after selling 21,875 shares during the period. Royal Bank of Canada owned approximately 0.18% of Grand Canyon Education worth $8,115,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Geneos Wealth Management Inc. raised its position in Grand Canyon Education by 5.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,201 shares of the company's stock worth $204,000 after acquiring an additional 60 shares in the last quarter. Leonteq Securities AG lifted its stake in shares of Grand Canyon Education by 48.9% in the first quarter. Leonteq Securities AG now owns 195 shares of the company's stock valued at $33,000 after purchasing an additional 64 shares during the period. Larson Financial Group LLC lifted its stake in shares of Grand Canyon Education by 70.7% in 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. Orion Porfolio Solutions LLC boosted its holdings in Grand Canyon Education by 1.0% during the third quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company's stock worth $1,421,000 after buying an additional 65 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its holdings in Grand Canyon Education by 1.5% during the first quarter. Twin Capital Management Inc. now owns 4,632 shares of the company's stock worth $788,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barrington Research set a $200.00 price objective on Grand Canyon Education in a report on Friday, July 31st. BMO Capital Markets dropped 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. Weiss Ratings downgraded Grand Canyon Education from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 25th. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Finally, Wall Street Zen cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Sunday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $161.67.

Grand Canyon Education Trading Down 4.0%

Shares of LOPE stock opened at $146.50 on Tuesday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.99 and a beta of 0.57. The firm has a 50-day moving average price of $147.05 and a 200 day moving average price of $158.91. Grand Canyon Education, Inc. has a twelve month low of $134.27 and a twelve month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.14. The business had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The company's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 earnings per share. As a group, research analysts predict 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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