2,820 Shares in Grand Canyon Education, Inc. $LOPE Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 2,820 shares of Grand Canyon Education, valued at approximately $488,000, indicating growing interest from institutional investors.
• Grand Canyon Education reported a quarterly earnings per share of $1.53, surpassing estimates and showing an 8.8% year-over-year revenue growth.
• Research firms are optimistic about Grand Canyon Education's stock, with several maintaining a consensus rating of "Buy" and a target price around $203.67.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,820 shares of the company's stock, valued at approximately $488,000.

Other large investors have also recently made changes to their positions in the company. Burgundy Asset Management Ltd. boosted its stake in shares of Grand Canyon Education by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 946,152 shares of the company's stock valued at $163,703,000 after purchasing an additional 61,034 shares in the last quarter. AQR Capital Management LLC lifted its stake in Grand Canyon Education by 2.1% in the first quarter. AQR Capital Management LLC now owns 577,082 shares of the company's stock worth $99,656,000 after purchasing an additional 12,003 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Grand Canyon Education by 79.7% in the first quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company's stock worth $66,828,000 after purchasing an additional 171,261 shares during the last quarter. Northern Trust Corp boosted its position in Grand Canyon Education by 8.1% during the first quarter. Northern Trust Corp now owns 370,875 shares of the company's stock valued at $64,169,000 after buying an additional 27,714 shares during the period. Finally, Reinhart Partners LLC. grew its stake in shares of Grand Canyon Education by 10.7% during the first quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock valued at $63,393,000 after buying an additional 35,446 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE opened at $202.49 on Thursday. The stock's 50-day moving average is $186.84 and its 200 day moving average is $183.48. The company has a market cap of $5.69 billion, a PE ratio of 24.51, a P/E/G ratio of 1.51 and a beta of 0.80. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $207.22.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. The business had revenue of $247.50 million during the quarter, compared to analysts' expectations of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business's revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. Analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on LOPE. Barrington Research reiterated an "outperform" rating and issued a $215.00 price objective on shares of Grand Canyon Education in a report on Thursday, August 7th. Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets lowered their price objective on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research report on Monday, July 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $203.67.

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.

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