Quantbot Technologies LP Buys Shares of 16,983 Grand Canyon Education, Inc. $LOPE

Quantbot Technologies LP bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 16,983 shares of the company’s stock, valued at approximately $2,430,000.

A number of other institutional investors have also recently made changes to their positions in LOPE. International Assets Investment Management LLC acquired a new position in Grand Canyon Education in the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its stake 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 last quarter. Toronto Dominion Bank acquired a new stake in Grand Canyon Education during the 4th quarter worth $26,000. Financial Life Planners purchased a new stake in shares of Grand Canyon Education during the first quarter worth $33,000. Finally, Leonteq Securities AG grew its holdings in shares of Grand Canyon Education by 48.9% during the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock worth $33,000 after buying an additional 64 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $147.46 on Monday. Grand Canyon Education, Inc. has a 52 week low of $134.27 and a 52 week high of $223.04. The business’s fifty day simple moving average is $146.11 and its 200-day simple moving average is $156.95. The firm has a market cap of $3.84 billion, a PE ratio of 17.83, a P/E/G ratio of 0.96 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $264.05 million during the quarter, compared to analyst estimates of $261.87 million. During the same quarter in the prior year, the firm posted $1.53 earnings per share. Grand Canyon Education’s quarterly revenue was up 6.7% on a year-over-year basis. Research analysts expect that Grand Canyon Education, Inc. will post 10.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LOPE shares. 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. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a report on Tuesday, June 9th. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a research note on Friday, July 31st. BMO Capital Markets dropped their price target on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Finally, Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus 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.