Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Grand Canyon Education, Inc. by 7.1%, acquiring an additional 6,174 shares, bringing its total ownership to 93,468 shares valued at approximately $16.2 million.
• Grand Canyon Education reported a quarterly earnings per share (EPS) of $1.53, exceeding analysts' expectations of $1.37, and showing an 8.8% increase in revenue compared to the previous year.
• The stock has a market capitalization of $5.56 billion, with a 52-week price range between $130.69 and $202.28, and is primarily held by institutional investors at 94.17%.

Deutsche Bank AG grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,468 shares of the company's stock after acquiring an additional 6,174 shares during the period. Deutsche Bank AG owned 0.33% of Grand Canyon Education worth $16,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pallas Capital Advisors LLC increased its position in Grand Canyon Education by 5.0% during the 1st quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company's stock valued at $234,000 after purchasing an additional 65 shares during the period. Diversified Trust Co increased its position in Grand Canyon Education by 5.4% during the 1st quarter. Diversified Trust Co now owns 1,293 shares of the company's stock valued at $224,000 after purchasing an additional 66 shares during the period. NDVR Inc. increased its position in Grand Canyon Education by 5.1% during the 4th quarter. NDVR Inc. now owns 1,878 shares of the company's stock valued at $308,000 after purchasing an additional 91 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position 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 purchasing an additional 96 shares during the period. Finally, Blue Trust Inc. increased its position in Grand Canyon Education by 20.5% during the 1st quarter. Blue Trust Inc. now owns 577 shares of the company's stock valued at $100,000 after purchasing an additional 98 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research report on Monday, July 7th. Barrington Research reaffirmed an "outperform" rating and issued a $215.00 price objective on shares of Grand Canyon Education in a research report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.

Grand Canyon Education Stock Performance

LOPE stock traded up $1.54 during trading on Friday, reaching $197.64. The company had a trading volume of 178,077 shares, compared to its average volume of 328,068. The firm has a 50-day simple moving average of $180.92 and a 200-day simple moving average of $180.77. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.45 and a beta of 0.79. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.16. The company 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 last year, the business earned $1.19 EPS. Sell-side analysts expect 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.