7,073 Shares in Grand Canyon Education, Inc. $LOPE Acquired by Commerce Bank

Commerce Bank purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,073 shares of the company’s stock, valued at approximately $1,012,000.

A number of other hedge funds have also recently added to or reduced their stakes in LOPE. International Assets Investment Management LLC bought a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of Grand Canyon Education by 70.7% in the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Grand Canyon Education in the 4th quarter worth $26,000. Financial Life Planners bought a new position in shares of Grand Canyon Education in the 1st quarter worth $33,000. Finally, Leonteq Securities AG grew its position in Grand Canyon Education by 48.9% in the 1st 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 period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.2%

Shares of LOPE opened at $148.77 on Thursday. The stock has a 50 day moving average of $146.42 and a 200 day moving average of $156.57. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 0.97 and a beta of 0.57. Grand Canyon Education, Inc. has a 12 month low of $134.27 and a 12 month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $264.05 million for the quarter, compared to analysts’ expectations of $261.87 million. During the same quarter in the previous year, the firm earned $1.53 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts predict that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current year.

Analyst Ratings Changes

LOPE has been the subject of a number of recent research reports. Truist Financial set a $100.00 price target on shares of Grand Canyon Education in a research note on Tuesday, June 9th. Barrington Research set a $200.00 price objective on shares of Grand Canyon Education in a research note on Friday, July 31st. Weiss Ratings cut shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. BMO Capital Markets decreased 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 lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.