Empowered Funds LLC Takes $933,000 Position in Grand Canyon Education, Inc. $LOPE

Empowered Funds LLC purchased a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the second quarter, Holdings Channel reports. The fund purchased 6,522 shares of the company’s stock, valued at approximately $933,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOPE. Geneos Wealth Management Inc. increased its holdings in shares of Grand Canyon Education by 5.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,201 shares of the company’s stock valued at $204,000 after acquiring an additional 60 shares during the period. Leonteq Securities AG raised its stake in shares of Grand Canyon Education by 48.9% during the first 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. Larson Financial Group LLC increased its position 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 during the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Grand Canyon Education by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock worth $1,421,000 after acquiring an additional 65 shares during the period. Finally, Twin Capital Management Inc. lifted its holdings in Grand Canyon Education by 1.5% in the first quarter. Twin Capital Management Inc. now owns 4,632 shares of the company’s stock worth $788,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 0.1%

NASDAQ LOPE opened at $152.67 on Friday. Grand Canyon Education, Inc. has a 12-month low of $134.27 and a 12-month high of $223.04. The firm has a market cap of $3.98 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 0.99 and a beta of 0.58. The company’s 50 day moving average is $147.47 and its 200-day moving average is $155.95.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly 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. The business had revenue of $264.05 million for the quarter, compared to analyst estimates of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.Grand Canyon Education’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.53 EPS. Equities analysts expect that Grand Canyon Education, Inc. will post 10.24 EPS for the current year.

Analyst Upgrades and Downgrades

LOPE has been the topic of several analyst reports. 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. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a research note on Friday, July 31st. Truist Financial set a $100.00 price objective on Grand Canyon Education in a research note on Tuesday, June 9th. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Finally, 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 report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

Grand Canyon Education 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.