Credit Agricole S A Has $2.35 Million Stake in Grand Canyon Education, Inc. $LOPE

Key Points

• Credit Agricole S A significantly increased its stake in Grand Canyon Education by 13,507 shares, bringing its total ownership to 13,607 shares valued at approximately $2.35 million.
• Grand Canyon Education recently reported quarterly earnings that surpassed analysts' expectations, with an EPS of $1.53 compared to a consensus estimate of $1.37.
• Analysts have recently updated their outlook for Grand Canyon Education, with several firms setting a consensus target price of $203.67 and maintaining a "Buy" rating for the stock.

Credit Agricole S A lifted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 13,507.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,607 shares of the company's stock after purchasing an additional 13,507 shares during the quarter. Credit Agricole S A's holdings in Grand Canyon Education were worth $2,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LOPE. GeoWealth Management LLC acquired a new position in shares of Grand Canyon Education in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Grand Canyon Education during the 1st quarter worth about $35,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Grand Canyon Education by 58.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock valued at $45,000 after acquiring an additional 96 shares in the last quarter. UMB Bank n.a. grew its stake in Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock valued at $55,000 after acquiring an additional 165 shares in the last quarter. Finally, Cypress Capital Management LLC WY purchased a new position in Grand Canyon Education during the first quarter valued at approximately $65,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Grand Canyon Education Stock Down 0.7%

Shares of LOPE traded down $1.45 during mid-day trading on Friday, hitting $199.29. 36,016 shares of the company's stock were exchanged, compared to its average volume of 218,519. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.50 and a beta of 0.79. The firm has a fifty day moving average of $183.99 and a two-hundred day moving average of $182.23. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $207.12.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $247.50 million during the quarter, compared to analysts' expectations of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. Grand Canyon Education's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. On average, equities analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LOPE shares. BMO Capital Markets cut 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 report on Monday, July 7th. Barrington Research reaffirmed an "outperform" rating and issued a $215.00 price target on shares of Grand Canyon Education in a research note on Thursday, August 7th. Finally, Wall Street Zen raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $203.67.

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.