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

Redwood Investment Management LLC acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,295 shares of the company’s stock, valued at approximately $1,187,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Corient Private Wealth LP bought a new position in Grand Canyon Education during the second quarter worth $527,000. Bank of America Corp DE acquired a new position in Grand Canyon Education during the 2nd quarter valued at $18,929,000. Freestone Grove Partners LP bought a new stake in Grand Canyon Education in the 2nd quarter valued at $1,156,000. Caisse de depot et placement du Quebec bought a new stake in Grand Canyon Education in the 2nd quarter valued at $1,531,000. Finally, Man Group plc acquired a new stake in Grand Canyon Education in the 2nd quarter worth $3,160,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $148.77 on Thursday. Grand Canyon Education, Inc. has a 52-week low of $134.27 and a 52-week high of $223.04. The firm has a market capitalization 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 company’s fifty day moving average price is $146.42 and its two-hundred day moving average price is $156.57.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.14. The company had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $1.53 EPS. Analysts predict that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barrington Research set a $200.00 price objective on shares of Grand Canyon Education in a report on Friday, July 31st. BMO Capital Markets reduced their target price on shares of 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. Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 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. Finally, Truist Financial set a $100.00 price target on Grand Canyon Education in a research note on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Grand Canyon Education has an average rating of “Moderate Buy” and a consensus target price of $161.67.

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.