Assenagon Asset Management S.A. Trims Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Assenagon Asset Management S.A. cut its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,033 shares of the company's stock after selling 4,510 shares during the period. Assenagon Asset Management S.A. owned about 0.79% of Grand Canyon Education worth $39,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Grand Canyon Education in the first quarter worth about $2,585,000. Avanza Fonder AB grew its stake in Grand Canyon Education by 14.2% in the first quarter. Avanza Fonder AB now owns 1,461 shares of the company's stock valued at $264,000 after acquiring an additional 182 shares during the period. GAMMA Investing LLC lifted its stake in Grand Canyon Education by 33.4% in the first quarter. GAMMA Investing LLC now owns 1,189 shares of the company's stock valued at $206,000 after buying an additional 298 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Grand Canyon Education by 5.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 43,421 shares of the company's stock valued at $7,513,000 after purchasing an additional 2,163 shares during the period. Finally, Pallas Capital Advisors LLC raised its stake in shares of Grand Canyon Education by 5.0% during the 1st quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company's stock worth $234,000 after purchasing an additional 65 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LOPE has been the subject of a number of recent research reports. Barrington Research boosted their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets lifted their target price on Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd.

Grand Canyon Education Stock Up 0.6%

Grand Canyon Education stock traded up $1.11 during mid-day trading on Friday, reaching $184.86. 229,596 shares of the company's stock were exchanged, compared to its average volume of 182,455. The business's fifty day simple moving average is $185.27 and its 200 day simple moving average is $176.08. Grand Canyon Education, Inc. has a one year low of $130.69 and a one year high of $202.28. The firm has a market capitalization of $5.25 billion, a PE ratio of 23.88, a P/E/G ratio of 1.42 and a beta of 0.79.

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

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.