Jump Financial LLC Buys 22,582 Shares of Grand Canyon Education, Inc. $LOPE

Key Points

• Jump Financial LLC significantly increased its stake in Grand Canyon Education, Inc. by 1,292.6% during Q1, now holding 24,329 shares valued at approximately $4.21 million.
• Grand Canyon Education reported a Q2 earnings per share of $1.53, surpassing expectations, with revenues of $247.5 million, reflecting an 8.8% year-over-year growth.
• Analysts have varied pricing outlooks for Grand Canyon Education, with a consensus target price of $203.67 and several firms reiterating a "buy" or "outperform" rating.

Jump Financial LLC grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 1,292.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,329 shares of the company's stock after purchasing an additional 22,582 shares during the period. Jump Financial LLC owned approximately 0.09% of Grand Canyon Education worth $4,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Burgundy Asset Management Ltd. grew its position in Grand Canyon Education by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 946,152 shares of the company's stock worth $163,703,000 after acquiring an additional 61,034 shares during the last quarter. Allianz Asset Management GmbH grew its position in Grand Canyon Education by 79.7% during the 1st quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company's stock worth $66,828,000 after acquiring an additional 171,261 shares during the last quarter. Northern Trust Corp grew its position in Grand Canyon Education by 8.1% during the 1st quarter. Northern Trust Corp now owns 370,875 shares of the company's stock worth $64,169,000 after acquiring an additional 27,714 shares during the last quarter. Reinhart Partners LLC. grew its position in Grand Canyon Education by 10.7% during the 1st quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock worth $63,393,000 after acquiring an additional 35,446 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Grand Canyon Education by 3.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 360,825 shares of the company's stock worth $62,430,000 after acquiring an additional 13,347 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Stock Performance

LOPE traded up $0.83 during mid-day trading on Friday, reaching $201.57. The stock had a trading volume of 331,607 shares, compared to its average volume of 312,859. The stock has a market capitalization of $5.66 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.48 and a beta of 0.80. The firm's fifty day simple moving average is $184.25 and its two-hundred day simple moving average is $182.36. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $207.12.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced 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 firm had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.19 EPS. As a group, analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LOPE shares. BMO Capital Markets decreased their price target on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research report on Monday, July 7th. Barrington Research reiterated an "outperform" rating and issued a $215.00 price objective on shares of Grand Canyon Education in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $203.67.

Grand Canyon Education Company 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.