Deutsche Bank AG Increases Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Deutsche Bank AG boosted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,294 shares of the company's stock after buying an additional 11,153 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of Grand Canyon Education worth $14,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOPE. GeoWealth Management LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Grand Canyon Education in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Grand Canyon Education during the 4th quarter worth approximately $32,000. Financial Life Planners acquired a new stake in Grand Canyon Education in the fourth quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Grand Canyon Education during the fourth quarter worth approximately $59,000. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Trading Up 0.3%

Shares of LOPE traded up $0.54 during trading hours on Monday, reaching $197.98. The stock had a trading volume of 159,953 shares, compared to its average volume of 180,219. The firm has a 50-day simple moving average of $177.07 and a 200 day simple moving average of $171.93. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $202.28. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. The company had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.35 EPS. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LOPE. BMO Capital Markets lifted their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an "outperform" rating in a report on Friday, February 21st. StockNews.com lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Barrington Research raised their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th.

About Grand Canyon Education

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.