Deutsche Bank AG Takes $7.64 Million Position in Grand Canyon Education, Inc. $LOPE

Key Points

• Deutsche Bank acquired 53,374 shares of Grand Canyon Education during the second quarter, valued at approximately $7.64 million and representing about 0.20% of the company.
• Institutional ownership remains high at 94.17%, with several other investment firms also initiating or increasing positions in LOPE.
• Grand Canyon Education exceeded quarterly expectations, reporting $1.81 in EPS and $264.05 million in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $161.67.

Deutsche Bank AG purchased a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 53,374 shares of the company's stock, valued at approximately $7,638,000. Deutsche Bank AG owned approximately 0.20% of Grand Canyon Education at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOPE. International Assets Investment Management LLC bought a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $25,000. Toronto Dominion Bank bought a new position in shares of Grand Canyon Education in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC grew its holdings in shares of Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company's stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Leonteq Securities AG increased its position in shares of Grand Canyon Education by 48.9% during the first quarter. Leonteq Securities AG now owns 195 shares of the company's stock valued at $33,000 after acquiring an additional 64 shares during the last quarter. Finally, Financial Life Planners purchased a new stake in shares of Grand Canyon Education during the first quarter valued at approximately $33,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

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

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.14. Grand Canyon Education had a net margin of 19.63% and a return on equity of 36.62%. The company had revenue of $264.05 million for the quarter, compared to analysts' expectations of $261.87 million. During the same quarter in the previous year, the firm posted $1.53 EPS. Grand Canyon Education's revenue was up 6.7% on a year-over-year basis. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 10.24 EPS for the current year.

Analyst Ratings Changes

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

Grand Canyon Education Company 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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