4,367 Shares in Grand Canyon Education, Inc. $LOPE Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,367 shares of the company’s stock, valued at approximately $625,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOPE. International Assets Investment Management LLC purchased a new position in shares of Grand Canyon Education in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 65 shares during the period. Toronto Dominion Bank purchased a new position in Grand Canyon Education in the 4th quarter valued at $26,000. Financial Life Planners acquired a new position in Grand Canyon Education in the 1st quarter valued at $33,000. Finally, Leonteq Securities AG lifted its stake in shares of Grand Canyon Education by 48.9% in 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. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LOPE. Barrington Research set a $200.00 price target on shares of Grand Canyon Education in a research note on Friday, July 31st. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Weiss Ratings lowered Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. 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, Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Grand Canyon Education currently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Grand Canyon Education Trading Up 1.0%

Shares of NASDAQ LOPE opened at $149.08 on Wednesday. The company’s 50-day moving average price is $146.30 and its 200 day moving average price is $156.70. Grand Canyon Education, Inc. has a 52 week low of $134.27 and a 52 week high of $223.04. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.96 and a beta of 0.57.

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 the consensus estimate of $1.67 by $0.14. The company had revenue of $264.05 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 earnings per share. As a group, research analysts expect that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current 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.