Sanctuary Advisors LLC Takes $482,000 Position in Grand Canyon Education, Inc. $LOPE

Sanctuary Advisors LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,367 shares of the company’s stock, valued at approximately $482,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOPE. BlackRock Inc. bought a new position in Grand Canyon Education in the second quarter worth approximately $397,654,000. William Blair Investment Management LLC purchased a new position in Grand Canyon Education during the 2nd quarter worth $148,667,000. Reinhart Partners LLC. grew its position in Grand Canyon Education by 36.9% in the 2nd quarter. Reinhart Partners LLC. now owns 882,927 shares of the company’s stock worth $126,358,000 after purchasing an additional 237,939 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of Grand Canyon Education by 15.6% in the fourth quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock valued at $122,493,000 after acquiring an additional 99,320 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Grand Canyon Education by 30.9% during the 4th quarter. AQR Capital Management LLC now owns 649,269 shares of the company’s stock valued at $107,980,000 after purchasing an additional 153,189 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

LOPE has been the subject of several research analyst reports. Weiss Ratings lowered shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, June 9th. BMO Capital Markets decreased their target price on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Barrington Research set a $200.00 target price on Grand Canyon Education in a research report 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.67.

Grand Canyon Education Trading Up 0.7%

Shares of Grand Canyon Education stock opened at $151.19 on Friday. Grand Canyon Education, Inc. has a 12-month low of $134.27 and a 12-month high of $223.04. The company has a market cap of $3.94 billion, a P/E ratio of 18.28, a PEG ratio of 0.98 and a beta of 0.57. The company’s fifty day simple moving average is $146.78 and its two-hundred day simple moving average is $156.39.

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 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 business had revenue of $264.05 million during the quarter, compared to analyst estimates of $261.87 million. During the same period last year, the business posted $1.53 earnings per share. Grand Canyon Education’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts predict that Grand Canyon Education, Inc. will post 10.24 EPS 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.