Sanctuary Advisors LLC Makes New Investment in Grand Canyon Education, Inc. $LOPE

Sanctuary Advisors LLC acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the second quarter, HoldingsChannel.com reports. The firm acquired 3,367 shares of the company’s stock, valued at approximately $482,000.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on LOPE shares. Truist Financial set a $100.00 price target on Grand Canyon Education in a research note on Tuesday, June 9th. BMO Capital Markets dropped their price target on 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. 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. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Barrington Research set a $200.00 price target on shares of Grand Canyon Education in a report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $151.19 on Friday. The company has a market capitalization of $3.94 billion, a PE ratio of 18.28, a P/E/G ratio of 0.98 and a beta of 0.57. The company has a 50-day simple moving average of $146.78 and a two-hundred day simple moving average of $156.39. Grand Canyon Education, Inc. has a one year low of $134.27 and a one year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, beating 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 the consensus estimate of $261.87 million. During the same period last year, the firm earned $1.53 earnings per share. Grand Canyon Education’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current fiscal year.

About Grand Canyon Education

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.