B. Metzler seel. Sohn & Co. AG Sells 2,125 Shares of Grand Canyon Education, Inc. $LOPE

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Grand Canyon Education, Inc. by 20.4%, bringing its holdings to 8,279 shares worth approximately $1.43 million.
• Several other hedge funds have increased their positions in Grand Canyon Education, with Pallas Capital Advisors and Diversified Trust Co. boosting their stakes by 5.0% and 5.4%, respectively.
• The company reported earnings of $1.53 per share for the last quarter, exceeding analysts' expectations, and showed a revenue increase of 8.8% year-over-year.

B. Metzler seel. Sohn & Co. AG trimmed its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 20.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,279 shares of the company's stock after selling 2,125 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Grand Canyon Education were worth $1,432,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LOPE. GAMMA Investing LLC increased its position in Grand Canyon Education by 22,988.8% during the 1st quarter. GAMMA Investing LLC now owns 205,721 shares of the company's stock worth $35,594,000 after purchasing an additional 204,830 shares in the last quarter. Allianz Asset Management GmbH increased its position in Grand Canyon Education by 79.7% during the 1st 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 in the last quarter. Parsifal Capital Management LP acquired a new position in Grand Canyon Education during the 4th quarter worth approximately $26,238,000. Nuveen LLC acquired a new position in Grand Canyon Education during the 1st quarter worth approximately $20,906,000. Finally, Pacer Advisors Inc. increased its position in Grand Canyon Education by 1,157.5% during the 1st quarter. Pacer Advisors Inc. now owns 99,440 shares of the company's stock worth $17,205,000 after purchasing an additional 91,532 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LOPE shares. Wall Street Zen upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barrington Research restated an "outperform" rating and issued a $215.00 price target on shares of Grand Canyon Education in a research report on Thursday, August 7th. Finally, BMO Capital Markets decreased their price target on shares of 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Grand Canyon Education presently has a consensus rating of "Buy" and a consensus target price of $203.67.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE traded down $0.40 during trading on Thursday, reaching $205.14. The stock had a trading volume of 204,350 shares, compared to its average volume of 286,609. The firm's fifty day moving average is $185.50 and its 200 day moving average is $182.94. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $207.22. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 1.51 and a beta of 0.80.

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

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.