Capstone Investment Advisors LLC Invests $1.54 Million in Grand Canyon Education, Inc. $LOPE

Capstone Investment Advisors LLC bought a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, Holdings Channel reports. The fund bought 10,789 shares of the company’s stock, valued at approximately $1,544,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in Grand Canyon Education during the fourth quarter worth approximately $25,000. Toronto Dominion Bank acquired a new position in shares of Grand Canyon Education in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC increased its stake 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. Leonteq Securities AG increased its stake 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 purchasing an additional 64 shares during the period. Finally, Financial Life Planners acquired a new stake in Grand Canyon Education during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $150.19 on Friday. The stock has a market capitalization of $3.92 billion, a PE ratio of 18.16, a P/E/G ratio of 0.97 and a beta of 0.57. The business has a fifty day moving average price of $146.59 and a two-hundred day moving average price of $156.43. Grand Canyon Education, Inc. has a fifty-two week low of $134.27 and a fifty-two week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share 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 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Grand Canyon Education, Inc. will post 10.24 EPS for the current year.

Analyst Upgrades and Downgrades

LOPE has been the subject of several recent research reports. Truist Financial set a $100.00 price target on Grand Canyon Education in a research note on Tuesday, June 9th. Weiss Ratings cut Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Barrington Research set a $200.00 target price on Grand Canyon Education in a report on Friday, July 31st. BMO Capital Markets reduced their target price 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. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Grand Canyon Education presently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

Grand Canyon Education Profile

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.