Public Employees Retirement System of Ohio Takes $1.14 Million Position in Grand Canyon Education, Inc. $LOPE

Key Points

• Public Employees Retirement System of Ohio acquired 7,933 shares of Grand Canyon Education worth approximately $1.14 million, joining institutional investors that collectively own 94.17% of the company.
• Analyst sentiment remains positive overall, with three Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $161.67.
• Grand Canyon Education exceeded quarterly expectations, reporting $1.81 in earnings per share versus $1.67 expected and $264.05 million in revenue, up 6.7% year over year.

Public Employees Retirement System of Ohio bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,933 shares of the company's stock, valued at approximately $1,135,000.

Several other institutional investors and hedge funds have also bought and sold shares of LOPE. International Assets Investment Management LLC acquired a new stake in shares of Grand Canyon Education in the fourth quarter worth $25,000. Larson Financial Group LLC grew its position in Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company's stock worth $26,000 after purchasing an additional 65 shares during the period. Toronto Dominion Bank acquired a new stake in Grand Canyon Education during the 4th quarter worth about $26,000. Financial Life Planners purchased a new position in shares of Grand Canyon Education during the 1st quarter valued at about $33,000. Finally, Leonteq Securities AG lifted its holdings in shares of Grand Canyon Education by 48.9% in the 1st quarter. Leonteq Securities AG now owns 195 shares of the company's stock valued at $33,000 after buying an additional 64 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Grand Canyon Education Stock Down 0.7%

Shares of NASDAQ LOPE opened at $151.53 on Wednesday. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.99 and a beta of 0.58. The company's 50-day simple moving average is $147.86 and its 200-day simple moving average is $155.73. Grand Canyon Education, Inc. has a 52-week low of $134.27 and a 52-week 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.14. The firm had revenue of $264.05 million for the quarter, compared to analyst estimates of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. Grand Canyon Education's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS. Equities research analysts anticipate that Grand Canyon Education, Inc. will post 10.24 EPS for the current fiscal year.

About Grand Canyon Education

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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