Janney Montgomery Scott LLC Purchases 8,157 Shares of Grand Canyon Education, Inc. $LOPE

Janney Montgomery Scott LLC raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,141 shares of the company’s stock after buying an additional 8,157 shares during the period. Janney Montgomery Scott LLC’s holdings in Grand Canyon Education were worth $12,096,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in Grand Canyon Education by 252.6% in the fourth quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock worth $2,676,000 after purchasing an additional 11,538 shares during the last quarter. American Century Companies Inc. increased its position in shares of Grand Canyon Education by 180.2% during the 3rd quarter. American Century Companies Inc. now owns 175,966 shares of the company’s stock valued at $38,628,000 after purchasing an additional 113,176 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Grand Canyon Education during the 4th quarter valued at $1,338,000. Harbor Capital Advisors Inc. raised its stake in shares of Grand Canyon Education by 83.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 21,257 shares of the company’s stock worth $3,535,000 after purchasing an additional 9,701 shares during the period. Finally, Algert Global LLC raised its stake in shares of Grand Canyon Education by 27.9% during the 3rd quarter. Algert Global LLC now owns 144,985 shares of the company’s stock worth $31,827,000 after purchasing an additional 31,614 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

LOPE has been the topic of a number of research analyst reports. 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. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research report on Thursday, April 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. Finally, Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.00.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $148.30 on Thursday. Grand Canyon Education, Inc. has a one year low of $140.02 and a one year high of $223.04. The business’s fifty day moving average price is $154.79 and its 200-day moving average price is $163.31. The stock has a market capitalization of $3.93 billion, a PE ratio of 18.54, a P/E/G ratio of 0.95 and a beta of 0.57.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The company had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same quarter in the prior year, the company earned $2.57 EPS. The firm’s quarterly 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 10.04 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.