Allianz SE Makes New $470,000 Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Key Points

• Allianz SE has purchased a new position in Grand Canyon Education, Inc. for approximately $470,000 during the first quarter, acquiring 2,718 shares.
• Institutional investors and hedge funds collectively own 94.17% of Grand Canyon Education's stock, indicating significant institutional interest.
• Recent earnings report showed Grand Canyon Education posting an EPS of $2.57, exceeding analyst expectations and reflecting a year-over-year revenue increase of 5.3%.

Allianz SE purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,718 shares of the company's stock, valued at approximately $470,000.

Other hedge funds also recently modified their holdings of the company. Pallas Capital Advisors LLC grew its holdings in shares of Grand Canyon Education by 5.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company's stock valued at $234,000 after buying an additional 65 shares during the period. Diversified Trust Co increased its position in Grand Canyon Education by 5.4% during the first quarter. Diversified Trust Co now owns 1,293 shares of the company's stock worth $224,000 after acquiring an additional 66 shares during the period. NDVR Inc. boosted its stake in shares of Grand Canyon Education by 5.1% in the fourth quarter. NDVR Inc. now owns 1,878 shares of the company's stock valued at $308,000 after buying an additional 91 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Grand Canyon Education by 58.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock worth $45,000 after purchasing an additional 96 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Grand Canyon Education by 20.5% during the 1st quarter. Blue Trust Inc. now owns 577 shares of the company's stock worth $100,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Up 11.3%

Shares of NASDAQ LOPE traded up $19.44 during trading on Thursday, reaching $191.49. The company had a trading volume of 642,404 shares, compared to its average volume of 212,263. The business's 50-day moving average is $181.23 and its 200 day moving average is $179.52. The stock has a market cap of $5.43 billion, a PE ratio of 24.03, a P/E/G ratio of 1.28 and a beta of 0.79. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.16. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The business had revenue of $247.50 million during the quarter, compared to analyst estimates of $240.90 million. During the same quarter in the prior year, the business posted $1.19 EPS. Grand Canyon Education's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LOPE shares. BMO Capital Markets lowered their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Barrington Research reissued an "outperform" rating and set a $215.00 target price on shares of Grand Canyon Education in a research report on Thursday.

Grand Canyon Education Company 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.