Security National Bank of Sioux City Iowa IA Buys 4,145 Shares of Grand Canyon Education, Inc. $LOPE

Security National Bank of Sioux City Iowa IA raised its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 37.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,074 shares of the company’s stock after buying an additional 4,145 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Grand Canyon Education were worth $2,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in shares of Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. Financial Life Planners purchased a new position in Grand Canyon Education during the first quarter valued at approximately $33,000. Leonteq Securities AG increased its holdings in Grand Canyon Education by 48.9% during the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock worth $33,000 after acquiring an additional 64 shares during the period. Sankala Group LLC bought a new stake in Grand Canyon Education during the 4th quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. lifted its stake in Grand Canyon Education by 98.2% in the 4th quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Stock Performance

NASDAQ:LOPE traded down $1.14 during trading hours on Friday, reaching $151.27. The company’s stock had a trading volume of 570,737 shares, compared to its average volume of 311,292. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.00 and a beta of 0.58. The firm has a 50-day simple moving average of $147.97 and a 200-day simple moving average of $155.51. Grand Canyon Education, Inc. has a 1 year low of $134.27 and a 1 year high of $223.04.

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, 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 analyst estimates of $261.87 million. During the same period in the prior year, the business posted $1.53 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. Equities analysts anticipate that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on LOPE shares. Barrington Research set a $200.00 price target on shares of Grand Canyon Education in a report on Friday, July 31st. Weiss Ratings cut shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Truist Financial set a $100.00 price objective on Grand Canyon Education in a research report on Tuesday, June 9th. BMO Capital Markets dropped their price objective on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Finally, Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $161.67.

About Grand Canyon Education

Grand Canyon Education, Inc is an education services company that provides technology, operational and support solutions to colleges and universities. Its services are designed to help partner institutions deliver traditional, online and hybrid academic programs while managing student recruitment, enrollment and ongoing support.

The company’s offerings include learning-management and information-technology systems, marketing and student outreach, academic counseling, finance and accounting support, faculty and curriculum services, and data analytics.