Fort Washington Investment Advisors Inc. OH Reduces Stake in Grand Canyon Education, Inc. $LOPE

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in Grand Canyon Education, Inc. by 18.0%, now owning approximately 0.34% of the company valued at $18.45 million.
• Grand Canyon Education reported $1.53 EPS for the latest quarter, exceeding analysts' expectations, and its revenue increased by 8.8% year-over-year.
• Analysts maintain a consensus "Buy" rating for Grand Canyon Education with a target price of $208.67, while BMO Capital Markets reduced its price target from $222.00 to $210.00.

Fort Washington Investment Advisors Inc. OH reduced its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 18.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,637 shares of the company's stock after selling 21,469 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.34% of Grand Canyon Education worth $18,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Grand Canyon Education by 2.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,009 shares of the company's stock valued at $552,000 after acquiring an additional 59 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Grand Canyon Education by 5.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company's stock worth $234,000 after purchasing an additional 65 shares during the period. Diversified Trust Co boosted its stake in shares of 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 in the last quarter. Synovus Financial Corp increased its position in shares of Grand Canyon Education by 2.8% during the first quarter. Synovus Financial Corp now owns 2,476 shares of the company's stock valued at $428,000 after buying an additional 68 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in Grand Canyon Education by 2.9% in the first quarter. Benjamin Edwards Inc. now owns 2,683 shares of the company's stock worth $464,000 after buying an additional 75 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Up 1.2%

Grand Canyon Education stock opened at $216.94 on Monday. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $217.29. The company has a market capitalization of $6.09 billion, a P/E ratio of 26.26, a PEG ratio of 1.59 and a beta of 0.80. The stock's 50 day moving average is $195.34 and its 200 day moving average is $186.62.

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 the consensus estimate 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 business had revenue of $247.50 million for the quarter, compared to the consensus estimate of $240.90 million. During the same period in the previous year, the company posted $1.19 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on LOPE shares. BMO Capital Markets cut their price objective on 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 restated an "outperform" rating and set a $230.00 price target on shares of Grand Canyon Education in a research report on Tuesday, September 23rd. Finally, Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $208.67.

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.

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