B. Metzler seel. Sohn & Co. AG Invests $1.32 Million in Grand Canyon Education, Inc. $LOPE

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,209 shares of the company's stock, valued at approximately $1,318,000.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC grew its holdings in Grand Canyon Education by 4,339.5% during the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company's stock worth $330,000 after acquiring an additional 1,866 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Grand Canyon Education by 14.9% during the first quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company's stock worth $19,985,000 after purchasing an additional 15,019 shares during the last quarter. Empowered Funds LLC grew its holdings in Grand Canyon Education by 2.1% in the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company's stock valued at $1,371,000 after buying an additional 161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Grand Canyon Education by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company's stock valued at $21,318,000 after purchasing an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Grand Canyon Education by 156.9% in the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company's stock worth $6,462,000 after purchasing an additional 22,812 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barrington Research set a $200.00 price objective on Grand Canyon Education in a research report on Friday, July 31st. Weiss Ratings downgraded shares of Grand Canyon Education from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 25th. Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research note on Tuesday, June 9th. BMO Capital Markets reduced their price target on shares of Grand Canyon Education from $198.00 to $185.00 and set an "outperform" rating on the stock in a research report on Monday, July 6th. Finally, Wall Street Zen downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $161.67.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $147.46 on Monday. The company has a market cap of $3.84 billion, a PE ratio of 17.83, a P/E/G ratio of 0.96 and a beta of 0.57. Grand Canyon Education, Inc. has a 12-month low of $134.27 and a 12-month high of $223.04. The stock has a 50 day simple moving average of $146.11 and a 200-day simple moving average of $156.95.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.14. The business had revenue of $264.05 million during the quarter, compared to the consensus estimate of $261.87 million. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The company's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. Sell-side analysts forecast that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current fiscal year.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation's largest private Christian universities. The company's offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.

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