19,527 Shares in Grand Canyon Education, Inc. $LOPE Bought by Heartland Advisors Inc.

Heartland Advisors Inc. acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the second quarter, HoldingsChannel.com reports. The firm acquired 19,527 shares of the company’s stock, valued at approximately $2,795,000.

A number of other institutional investors also recently bought and sold shares of LOPE. International Assets Investment Management LLC purchased a new position in Grand Canyon Education in the fourth quarter worth about $25,000. Larson Financial Group LLC increased its position in shares of 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 purchasing an additional 65 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of Grand Canyon Education during the 4th quarter valued at about $26,000. Financial Life Planners bought a new position in shares of Grand Canyon Education in the 1st quarter worth approximately $33,000. Finally, Leonteq Securities AG lifted its stake in shares of Grand Canyon Education by 48.9% in the 1st 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. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

LOPE has been the topic of a number of research reports. Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report 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. BMO Capital Markets decreased their price target on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Weiss Ratings downgraded shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Finally, Truist Financial set a $100.00 price objective on Grand Canyon Education in a research note on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.67.

Grand Canyon Education Trading Up 0.8%

Shares of NASDAQ:LOPE opened at $147.46 on Friday. The stock has a 50 day moving average of $146.11 and a 200 day moving average of $157.08. The company has a market cap of $3.84 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 0.96 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 released its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.14. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The company had revenue of $264.05 million during the quarter, compared to analyst estimates of $261.87 million. During the same period in the prior year, the firm posted $1.53 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current fiscal year.

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.