Grand Canyon Education, Inc. $LOPE Stock Holdings Increased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has increased its stake in Grand Canyon Education, Inc. by 25%, now owning a total of 59,459 shares valued at approximately $10.29 million.
• Grand Canyon Education reported $1.53 earnings per share for the last quarter, surpassing estimates of $1.37, with a revenue increase of 8.8% year-over-year.
• The company currently has an average analyst rating of "Buy" and a consensus price target of $203.67.

Voya Investment Management LLC raised its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 25.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,459 shares of the company's stock after buying an additional 11,908 shares during the quarter. Voya Investment Management LLC owned about 0.21% of Grand Canyon Education worth $10,288,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC bought a new stake in shares of Grand Canyon Education in the 1st quarter valued at about $232,000. Convergence Financial LLC bought a new position in shares of Grand Canyon Education during the 1st quarter valued at $249,000. Bessemer Group Inc. lifted its position in Grand Canyon Education by 244.2% during the first quarter. Bessemer Group Inc. now owns 716 shares of the company's stock valued at $124,000 after purchasing an additional 508 shares in the last quarter. Informed Momentum Co LLC purchased a new stake in Grand Canyon Education in the 1st quarter worth $3,721,000. Finally, 111 Capital purchased a new position in shares of Grand Canyon Education during the fourth quarter valued at about $528,000. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Performance

Grand Canyon Education stock traded up $1.02 during trading on Wednesday, reaching $208.82. The company had a trading volume of 174,193 shares, compared to its average volume of 206,669. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $211.31. The stock's 50 day moving average price is $189.65 and its two-hundred day moving average price is $184.52. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.53 and a beta of 0.80.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LOPE shares. Barrington Research reissued an "outperform" rating and issued a $215.00 price objective on shares of Grand Canyon Education in a research note on Thursday, August 7th. 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 note on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.