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

Empirical Asset Management LLC bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,556 shares of the company’s stock, valued at approximately $795,000.

A number of other large investors also recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth approximately $25,000. Larson Financial Group LLC increased its stake in 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 buying an additional 65 shares during the period. Toronto Dominion Bank purchased a new stake in Grand Canyon Education in the 4th quarter worth approximately $26,000. Financial Life Planners purchased a new stake in Grand Canyon Education in the 1st quarter worth approximately $33,000. Finally, Leonteq Securities AG boosted its stake 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 period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently 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 Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research 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. Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, BMO Capital Markets dropped their target price 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Grand Canyon Education currently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $146.74 on Wednesday. The stock has a market capitalization of $3.83 billion, a P/E ratio of 17.74, a P/E/G ratio of 0.94 and a beta of 0.57. The business has a 50-day moving average of $146.30 and a two-hundred day moving average of $157.52. Grand Canyon Education, Inc. has a fifty-two week low of $134.27 and a fifty-two week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, beating 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 analyst estimates of $261.87 million. During the same quarter in the prior year, the firm posted $1.53 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts expect that Grand Canyon Education, Inc. will post 10.24 EPS for the current fiscal year.

Grand Canyon Education Company 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.