Empowered Funds LLC Purchases New Holdings in Grand Canyon Education, Inc. $LOPE

Empowered Funds LLC purchased a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,522 shares of the company’s stock, valued at approximately $933,000.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in Grand Canyon Education by 5.3% during the 1st 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 boosted its stake 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 worth $33,000 after acquiring an additional 64 shares during the period. Larson Financial Group LLC lifted its position in Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Grand Canyon Education by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock worth $1,421,000 after buying an additional 65 shares during the period. Finally, Twin Capital Management Inc. raised 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 acquiring an additional 67 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LOPE shares. Barrington Research set a $200.00 price objective on shares of Grand Canyon Education in a research note on Friday, July 31st. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a report on Tuesday, June 9th. Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, BMO Capital Markets cut 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

Grand Canyon Education Stock Up 0.1%

NASDAQ LOPE opened at $152.67 on Friday. The stock’s 50-day simple moving average is $147.47 and its two-hundred day simple moving average is $155.95. Grand Canyon Education, Inc. has a twelve month low of $134.27 and a twelve month high of $223.04. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.99 and a beta of 0.58.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Thursday, July 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.14. The firm had revenue of $264.05 million for the quarter, compared to analysts’ expectations of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS. On average, equities analysts expect 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.