Redwood Investment Management LLC Invests $1.19 Million in Grand Canyon Education, Inc. $LOPE

Redwood Investment Management LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,295 shares of the company’s stock, valued at approximately $1,187,000.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Grand Canyon Education by 5.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,201 shares of the company’s stock worth $204,000 after purchasing an additional 60 shares during the last quarter. Leonteq Securities AG lifted its holdings in shares of Grand Canyon Education by 48.9% during the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after buying an additional 64 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake 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 valued at $1,421,000 after buying an additional 65 shares in the last quarter. Finally, Twin Capital Management Inc. grew its stake in shares of Grand Canyon Education by 1.5% in the 1st quarter. Twin Capital Management Inc. now owns 4,632 shares of the company’s stock valued at $788,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Down 0.2%

Shares of LOPE stock opened at $148.77 on Thursday. 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 $3.88 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 0.97 and a beta of 0.57. The business’s 50 day moving average is $146.42 and its two-hundred day moving average is $156.57.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.14. The business had revenue of $264.05 million during 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%. Grand Canyon Education’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 earnings per share. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 10.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets dropped their price objective 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. Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings downgraded shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Finally, Barrington Research set a $200.00 price objective on shares of Grand Canyon Education in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

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.