Empirical Asset Management LLC Makes New $795,000 Investment in Grand Canyon Education, Inc. $LOPE

Empirical Asset Management LLC purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,556 shares of the company’s stock, valued at approximately $795,000.

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

Grand Canyon Education Price Performance

Shares of LOPE opened at $146.74 on Wednesday. The company has a 50-day moving average of $146.30 and a two-hundred day moving average of $157.52. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.94 and a beta of 0.57. 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 issued its quarterly earnings results on Thursday, July 30th. The company reported $1.81 EPS 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 business had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. During the same quarter in the prior year, the firm earned $1.53 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts anticipate that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LOPE. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a report on Tuesday, June 9th. Weiss Ratings downgraded Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. BMO Capital Markets lowered their price target on 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. Finally, Barrington Research set a $200.00 price objective on Grand Canyon Education in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.