Quantbot Technologies LP Buys New Holdings in Grand Canyon Education, Inc. $LOPE

Quantbot Technologies LP acquired a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,983 shares of the company’s stock, valued at approximately $2,430,000. Quantbot Technologies LP owned 0.07% of Grand Canyon Education at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of Grand Canyon Education by 4,339.5% during the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after purchasing an additional 1,866 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Grand Canyon Education by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock worth $19,985,000 after purchasing an additional 15,019 shares during the period. Empowered Funds LLC grew its position in Grand Canyon Education by 2.1% during the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock worth $1,371,000 after purchasing an additional 161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Grand Canyon Education by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock valued at $21,318,000 after buying an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Grand Canyon Education by 156.9% during the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after buying an additional 22,812 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $147.46 on Monday. Grand Canyon Education, Inc. has a 1-year low of $134.27 and a 1-year high of $223.04. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.96 and a beta of 0.57. The stock has a 50 day simple moving average of $146.11 and a 200-day simple moving average of $156.95.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.14. The firm had revenue of $264.05 million for the quarter, compared to analysts’ expectations of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. Analysts anticipate that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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