Man Group plc Makes New Investment in Grand Canyon Education, Inc. $LOPE

Man Group plc purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the second quarter, HoldingsChannel reports. The institutional investor purchased 22,078 shares of the company’s stock, valued at approximately $3,160,000.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in shares of Grand Canyon Education by 5.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,201 shares of the company’s stock worth $204,000 after acquiring an additional 60 shares during the last quarter. Leonteq Securities AG raised its stake in 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 purchasing an additional 64 shares during the last quarter. Larson Financial Group LLC raised 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 valued at $26,000 after purchasing an additional 65 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Grand Canyon Education by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock valued at $1,421,000 after purchasing an additional 65 shares during the period. Finally, Twin Capital Management Inc. boosted its holdings in Grand Canyon Education by 1.5% in the 1st quarter. Twin Capital Management Inc. now owns 4,632 shares of the company’s stock valued at $788,000 after purchasing an additional 67 shares during the period. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Trading Down 2.0%

Shares of LOPE opened at $148.13 on Tuesday. The stock has a market cap of $3.86 billion, a PE ratio of 17.91, a PEG ratio of 0.98 and a beta of 0.57. Grand Canyon Education, Inc. has a 1 year low of $134.27 and a 1 year high of $223.04. The stock has a 50 day simple moving average of $146.90 and a 200-day simple moving average of $156.16.

Grand Canyon Education (NASDAQ:LOPE) last announced 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 business had revenue of $264.05 million for the quarter, compared to analyst estimates of $261.87 million. During the same quarter in the previous year, the firm earned $1.53 EPS. Grand Canyon Education’s quarterly revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 10.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LOPE shares. Barrington Research set a $200.00 price objective on shares of 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 report on Thursday, June 25th. Wall Street Zen cut 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 Grand Canyon Education in a research report on Tuesday, June 9th. Finally, BMO Capital Markets lowered their price target on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.