Callan Family Office LLC Purchases Shares of 4,367 Grand Canyon Education, Inc. $LOPE

Callan Family Office LLC acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,367 shares of the company’s stock, valued at approximately $625,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in Grand Canyon Education in the fourth quarter worth approximately $25,000. Toronto Dominion Bank purchased a new stake in shares of Grand Canyon Education in the 4th quarter valued at approximately $26,000. Larson Financial Group LLC increased its position in shares of Grand Canyon Education by 70.7% in the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Leonteq Securities AG raised its holdings in shares of Grand Canyon Education by 48.9% in the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after purchasing an additional 64 shares in the last quarter. Finally, Financial Life Planners acquired a new stake in shares of Grand Canyon Education in the 1st quarter valued at $33,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

Shares of LOPE opened at $149.08 on Wednesday. Grand Canyon Education, Inc. has a 1-year low of $134.27 and a 1-year high of $223.04. The stock has a market cap of $3.89 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.96 and a beta of 0.57. The firm has a fifty day moving average price of $146.30 and a 200 day moving average price of $156.70.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barrington Research set a $200.00 target price on shares of Grand Canyon Education in a research note on Friday, July 31st. Truist Financial set a $100.00 price target on Grand Canyon Education in a research note on Tuesday, June 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. Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings downgraded Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Grand Canyon Education has an average rating of “Moderate Buy” and an average 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.