Financiere des Professionnels Fonds d investissement inc. Invests $300,000 in Grand Canyon Education, Inc. $LOPE

Key Points

• Financiere des Professionnels Fonds d investissement inc. has taken a new position in Grand Canyon Education, Inc. by acquiring 1,586 shares valued at approximately $300,000.
• Grand Canyon Education reported a Q2 EPS of $1.53, surpassing analyst expectations of $1.37, with a year-over-year revenue increase of 8.8%.
• Brokerages have shown positive sentiment, with ratings such as "outperform" from Barrington Research and an upgrade to "buy" from Wall Street Zen, indicating a consensus target price around $203.67.

Financiere des Professionnels Fonds d investissement inc. acquired a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,586 shares of the company's stock, valued at approximately $300,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Burgundy Asset Management Ltd. boosted its position in shares of Grand Canyon Education by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 946,152 shares of the company's stock worth $163,703,000 after buying an additional 61,034 shares during the period. AQR Capital Management LLC boosted its position in shares of Grand Canyon Education by 2.1% during the first quarter. AQR Capital Management LLC now owns 577,082 shares of the company's stock worth $99,656,000 after buying an additional 12,003 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Grand Canyon Education by 79.7% in the first quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company's stock valued at $66,828,000 after acquiring an additional 171,261 shares in the last quarter. Northern Trust Corp raised its stake in shares of Grand Canyon Education by 8.1% in the first quarter. Northern Trust Corp now owns 370,875 shares of the company's stock valued at $64,169,000 after acquiring an additional 27,714 shares in the last quarter. Finally, Reinhart Partners LLC. raised its stake in shares of Grand Canyon Education by 10.7% in the first quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock valued at $63,393,000 after acquiring an additional 35,446 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on LOPE shares. Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Barrington Research reiterated an "outperform" rating and issued a $215.00 price objective on shares of Grand Canyon Education in a research note on Thursday, August 7th. Finally, BMO Capital Markets reduced their price objective on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $203.67.

Grand Canyon Education Stock Up 0.3%

LOPE stock traded up $0.65 during trading on Friday, hitting $209.82. The company had a trading volume of 594,668 shares, compared to its average volume of 201,531. The firm has a market cap of $5.89 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.80. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $211.31. The firm has a 50-day moving average price of $191.09 and a 200-day moving average price of $184.95.

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

Grand Canyon Education 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.