35,000 Shares in Grand Canyon Education, Inc. $LOPE Bought by Crown Advisors Management Inc.

Crown Advisors Management Inc. acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 35,000 shares of the company’s stock, valued at approximately $5,009,000. Grand Canyon Education comprises approximately 2.8% of Crown Advisors Management Inc.’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LOPE. NewEdge Advisors LLC grew its stake in shares of Grand Canyon Education by 4,339.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after purchasing an additional 1,866 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Grand Canyon Education by 14.9% during the first quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock worth $19,985,000 after buying an additional 15,019 shares in the last quarter. Empowered Funds LLC boosted its holdings in Grand Canyon Education by 2.1% during the first quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock worth $1,371,000 after buying an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Grand Canyon Education by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock worth $21,318,000 after buying an additional 8,421 shares during the period. Finally, Jane Street Group LLC grew its position in Grand Canyon Education by 156.9% during the first quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock worth $6,462,000 after buying an additional 22,812 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $144.20 on Monday. The stock’s 50-day moving average price is $146.49 and its two-hundred day moving average price is $157.94. Grand Canyon Education, Inc. has a 12-month low of $134.27 and a 12-month high of $223.04. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 0.94 and a beta of 0.57.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on LOPE. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research report on Tuesday, June 9th. 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. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a research report on Friday, July 31st. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Grand Canyon Education presently has an average rating of “Moderate Buy” and an average target price of $161.67.

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.