GSA Capital Partners LLP Buys Shares of 5,141 Grand Canyon Education, Inc. $LOPE

GSA Capital Partners LLP purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,141 shares of the company’s stock, valued at approximately $736,000.

A number of other large investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in Grand Canyon Education during the fourth quarter valued at approximately $25,000. Toronto Dominion Bank bought a new stake in Grand Canyon Education in the 4th quarter worth approximately $26,000. Larson Financial Group LLC lifted its holdings in shares of Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after buying an additional 65 shares during the period. Leonteq Securities AG lifted its holdings in shares of Grand Canyon Education by 48.9% during 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. Finally, Financial Life Planners bought a new position in shares of Grand Canyon Education during the 1st quarter valued at $33,000. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $146.92 on Thursday. Grand Canyon Education, Inc. has a one year low of $134.27 and a one year high of $223.04. The company’s fifty day moving average price is $146.23 and its 200-day moving average price is $157.34. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 0.96 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share 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 company had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. During the same quarter in the prior year, the firm posted $1.53 EPS. Grand Canyon Education’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts expect that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LOPE shares. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings downgraded Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Barrington Research set a $200.00 target price on Grand Canyon Education in a report on Friday, July 31st. BMO Capital Markets dropped their target price on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Finally, Truist Financial set a $100.00 price target on Grand Canyon Education in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Grand Canyon Education 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.