Callan Family Office LLC Purchases Shares of 4,508 Grand Canyon Education, Inc. $LOPE

Callan Family Office LLC purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 4,508 shares of the company’s stock, valued at approximately $852,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC bought a new position in Grand Canyon Education during the 1st quarter valued at $232,000. Convergence Financial LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter valued at $249,000. Bessemer Group Inc. lifted its position in shares of Grand Canyon Education by 244.2% during the 1st quarter. Bessemer Group Inc. now owns 716 shares of the company’s stock valued at $124,000 after acquiring an additional 508 shares during the last quarter. Informed Momentum Co LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter valued at $3,721,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter valued at $317,000. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Down 0.1%

LOPE opened at $207.71 on Tuesday. The stock has a fifty day moving average of $205.09 and a 200-day moving average of $189.86. The firm has a market capitalization of $5.83 billion, a P/E ratio of 25.15, a PEG ratio of 1.53 and a beta of 0.76. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $220.79.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.16. The company had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share. On average, analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LOPE has been the subject of a number of recent research reports. Zacks Research downgraded Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Barrington Research reiterated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, September 23rd. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Grand Canyon Education in a research report on Saturday, September 27th. Finally, BMO Capital Markets cut their price objective on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, July 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Grand Canyon Education presently has an average rating of “Moderate Buy” and an average price target of $208.67.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.