Jupiter Topco LLC Makes New Investment in Grand Canyon Education, Inc. $LOPE

Key Points

• Jupiter Topco LLC acquired 300,104 shares of Grand Canyon Education in the second quarter, valued at approximately $42.9 million and representing a 1.15% stake. Institutional investors collectively own 94.17% of the company.
• Analyst sentiment remains positive but mixed: Grand Canyon Education has a consensus rating of “Moderate Buy” and an average price target of $161.67, though some analysts recently downgraded the stock or reduced their targets.
• The company exceeded quarterly expectations, reporting $1.81 in EPS versus the $1.67 consensus estimate and $264.05 million in revenue, up 6.7% year over year. Shares opened at $150.19, below their 52-week high of $223.04.

Jupiter Topco LLC bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 300,104 shares of the company's stock, valued at approximately $42,939,000. Jupiter Topco LLC owned 1.15% of Grand Canyon Education at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Grand Canyon Education in the second quarter worth about $397,654,000. William Blair Investment Management LLC purchased a new stake in Grand Canyon Education in the 2nd quarter worth about $148,667,000. Reinhart Partners LLC. lifted its stake in shares of Grand Canyon Education by 36.9% during the 2nd quarter. Reinhart Partners LLC. now owns 882,927 shares of the company's stock worth $126,358,000 after acquiring an additional 237,939 shares during the last quarter. GW&K Investment Management LLC lifted its position in shares of Grand Canyon Education by 15.6% during the fourth quarter. GW&K Investment Management LLC now owns 736,524 shares of the company's stock worth $122,493,000 after purchasing an additional 99,320 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Grand Canyon Education by 30.9% during the 4th quarter. AQR Capital Management LLC now owns 649,269 shares of the company's stock valued at $107,980,000 after buying an additional 153,189 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Grand Canyon Education from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 25th. BMO Capital Markets lowered their target price on shares of Grand Canyon Education from $198.00 to $185.00 and set an "outperform" rating for the company in a research note on Monday, July 6th. Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a report on Friday, July 31st. Finally, Truist Financial set a $100.00 price target on Grand Canyon Education in a report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Grand Canyon Education currently has an average rating of "Moderate Buy" and a consensus target price of $161.67.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $150.19 on Friday. The firm has a market capitalization of $3.92 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 0.97 and a beta of 0.57. Grand Canyon Education, Inc. has a 1 year low of $134.27 and a 1 year high of $223.04. The firm's 50-day moving average is $146.59 and its two-hundred day moving average is $156.43.

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