Public Employees Retirement System of Ohio Purchases New Stake in Grand Canyon Education, Inc. $LOPE

Public Employees Retirement System of Ohio acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,933 shares of the company’s stock, valued at approximately $1,135,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter valued at about $25,000. Toronto Dominion Bank purchased a new stake in shares of Grand Canyon Education in the 4th quarter valued at approximately $26,000. Larson Financial Group LLC increased 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 worth $26,000 after buying an additional 65 shares during the last quarter. Leonteq Securities AG raised its position 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 purchased a new stake in shares of Grand Canyon Education during the 1st quarter valued at approximately $33,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOPE has been the subject of a number of research analyst reports. Barrington Research set a $200.00 price target on Grand Canyon Education in a report on Friday, July 31st. Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a report on Tuesday, June 9th. Finally, BMO Capital Markets decreased their price target on shares of 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. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Grand Canyon Education has an average rating of “Moderate Buy” and an average target price of $161.67.

Grand Canyon Education Trading Down 0.7%

Grand Canyon Education stock opened at $151.53 on Wednesday. The company has a fifty day simple moving average of $147.86 and a 200-day simple moving average of $155.73. The stock has a market cap of $3.95 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.99 and a beta of 0.58. Grand Canyon Education, Inc. has a 12-month low of $134.27 and a 12-month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results 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 return on equity of 36.62% and a net margin of 19.63%.The firm had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. During the same period in the prior year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Grand Canyon Education, Inc. will post 10.24 earnings per share 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.