38,301 Shares in Grand Canyon Education, Inc. $LOPE Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,301 shares of the company’s stock, valued at approximately $5,481,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of Grand Canyon Education in the 4th quarter valued at approximately $25,000. Toronto Dominion Bank acquired a new position in Grand Canyon Education during the fourth quarter worth $26,000. Larson Financial Group LLC raised its position in Grand Canyon Education by 70.7% in 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 in the last quarter. Leonteq Securities AG lifted 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 acquiring an additional 64 shares during the period. Finally, Financial Life Planners acquired a new stake in Grand Canyon Education in the first quarter valued at $33,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 1.9%

Shares of LOPE stock opened at $152.45 on Friday. Grand Canyon Education, Inc. has a fifty-two week low of $134.27 and a fifty-two week high of $223.04. The stock has a market cap of $3.97 billion, a P/E ratio of 18.43, a P/E/G ratio of 0.97 and a beta of 0.58. The business has a fifty day simple moving average of $147.33 and a 200-day simple moving average of $155.97.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.67 by $0.14. The business had revenue of $264.05 million for the quarter, compared to analyst estimates of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.53 EPS. On average, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research note on Tuesday, June 9th. Weiss Ratings downgraded shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. BMO Capital Markets dropped 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 report on Monday, July 6th. Finally, Barrington Research set a $200.00 price target on Grand Canyon Education in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $161.67.

Grand Canyon Education Company 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.