Bank of Nova Scotia Boosts Stock Holdings in Grand Canyon Education, Inc. $LOPE

Bank of Nova Scotia lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 21.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,300 shares of the company’s stock after purchasing an additional 6,500 shares during the period. Bank of Nova Scotia owned about 0.14% of Grand Canyon Education worth $6,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LOPE. International Assets Investment Management LLC purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings 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 purchasing an additional 65 shares in the last quarter. Toronto Dominion Bank acquired a new stake in Grand Canyon Education during the 4th quarter worth $26,000. Financial Life Planners acquired a new stake in Grand Canyon Education during the 1st quarter worth $33,000. Finally, Leonteq Securities AG grew its holdings in shares of Grand Canyon Education by 48.9% during the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock worth $33,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 3.5%

Grand Canyon Education stock opened at $144.86 on Tuesday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 18.11, a P/E/G ratio of 0.93 and a beta of 0.57. Grand Canyon Education, Inc. has a twelve month low of $134.27 and a twelve month high of $223.04. The stock’s fifty day simple moving average is $147.90 and its 200-day simple moving average is $160.73.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.78 by $0.08. The firm had revenue of $308.76 million for the quarter, compared to analyst estimates of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.Grand Canyon Education’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.57 earnings per share. Sell-side analysts predict that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current year.

Wall Street Analyst Weigh In

LOPE has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. BMO Capital Markets cut 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. 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 objective on Grand Canyon Education in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Grand Canyon Education presently has an average rating of “Moderate Buy” and a consensus price target of $171.67.

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.