Allianz Asset Management GmbH raised its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 79.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 386,244 shares of the company's stock after buying an additional 171,261 shares during the period. Allianz Asset Management GmbH owned approximately 1.36% of Grand Canyon Education worth $66,828,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in Grand Canyon Education by 14.3% during the 4th quarter. FMR LLC now owns 1,513,249 shares of the company's stock worth $247,870,000 after acquiring an additional 189,843 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Grand Canyon Education by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company's stock worth $144,982,000 after acquiring an additional 14,667 shares during the last quarter. Invesco Ltd. raised its position in shares of Grand Canyon Education by 8.6% in the fourth quarter. Invesco Ltd. now owns 494,706 shares of the company's stock valued at $81,033,000 after buying an additional 39,136 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Grand Canyon Education by 10.7% during the 1st quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock worth $63,393,000 after buying an additional 35,446 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Grand Canyon Education by 3.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 360,825 shares of the company's stock worth $62,430,000 after buying an additional 13,347 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Grand Canyon Education Price Performance
LOPE traded up $0.28 during trading on Friday, hitting $168.97. The company had a trading volume of 33,783 shares, compared to its average volume of 203,952. The company has a market cap of $4.80 billion, a PE ratio of 21.20, a P/E/G ratio of 1.30 and a beta of 0.77. The business has a 50-day moving average of $185.50 and a 200-day moving average of $179.21. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.06. The firm had revenue of $289.31 million for the quarter, compared to analysts' expectations of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 earnings per share. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on LOPE shares. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. BMO Capital Markets decreased their target price on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research note on Monday, July 7th. Finally, Barrington Research restated an "outperform" rating and issued a $215.00 target price on shares of Grand Canyon Education in a research note on Wednesday.
Read Our Latest Stock Report on Grand Canyon Education
Grand Canyon Education Company Profile
(
Free Report)
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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