Jupiter Topco LLC Takes $42.94 Million Position in Grand Canyon Education, Inc. $LOPE

Jupiter Topco LLC acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 300,104 shares of the company’s stock, valued at approximately $42,939,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised 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 buying an additional 60 shares during the last quarter. Leonteq Securities AG grew its holdings in Grand Canyon Education by 48.9% in the first 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 increased its holdings 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 acquiring an additional 65 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of 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 purchasing an additional 65 shares in the last quarter. Finally, Twin Capital Management Inc. raised its holdings in shares of Grand Canyon Education by 1.5% in the first quarter. Twin Capital Management Inc. now owns 4,632 shares of the company’s stock worth $788,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets cut their price objective 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. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Barrington Research set a $200.00 price target on shares of Grand Canyon Education in a research report 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. Finally, Weiss Ratings lowered Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.67.

Grand Canyon Education Stock Up 1.0%

Shares of NASDAQ LOPE opened at $150.19 on Friday. The stock has a market capitalization of $3.92 billion, a P/E ratio of 18.16, a P/E/G ratio of 0.97 and a beta of 0.57. Grand Canyon Education, Inc. has a 52-week low of $134.27 and a 52-week high of $223.04. The firm’s 50-day moving average price is $146.59 and its two-hundred day moving average price is $156.43.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.14. The firm had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.53 EPS. As a group, equities 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.