Public Employees Retirement System of Ohio Acquires 438 Shares of Grand Canyon Education, Inc. $LOPE

Public Employees Retirement System of Ohio boosted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,796 shares of the company’s stock after purchasing an additional 438 shares during the period. Public Employees Retirement System of Ohio’s holdings in Grand Canyon Education were worth $1,851,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in shares of Grand Canyon Education during the first quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Grand Canyon Education in the first quarter worth $35,000. WPG Advisers LLC bought a new position in Grand Canyon Education in the first quarter valued at $44,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Grand Canyon Education by 58.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock valued at $45,000 after acquiring an additional 96 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Grand Canyon Education by 107.8% in the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock valued at $55,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Grand Canyon Education in a research note on Saturday, September 27th. Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, BMO Capital Markets cut their target price on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grand Canyon Education currently has an average rating of “Buy” and an average price target of $208.67.

Grand Canyon Education Stock Performance

LOPE stock opened at $217.24 on Friday. The firm has a 50 day moving average price of $200.22 and a 200-day moving average price of $188.08. Grand Canyon Education, Inc. has a 52-week low of $130.69 and a 52-week high of $220.79. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.61 and a beta of 0.76.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The firm had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. During the same period last year, the business earned $1.19 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.