Grand Canyon Education, Inc. $LOPE Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its holdings in Grand Canyon Education by 168.5% during the first quarter, owning approximately 0.06% of the company worth $3,026,000.
• Analysts have a consensus rating of "Buy" for Grand Canyon Education, with price targets ranging from $210.00 to $215.00.
• Grand Canyon Education reported $1.53 EPS for the last quarter, surpassing analysts' expectations and showing an 8.8% revenue growth year-over-year.

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 168.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,491 shares of the company's stock after acquiring an additional 10,976 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.06% of Grand Canyon Education worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of LOPE. Quantbot Technologies LP acquired a new stake in shares of Grand Canyon Education in the first quarter valued at approximately $924,000. Wellington Management Group LLP lifted its stake in Grand Canyon Education by 33.4% in the 1st quarter. Wellington Management Group LLP now owns 19,684 shares of the company's stock valued at $3,406,000 after buying an additional 4,930 shares in the last quarter. Northern Trust Corp grew its holdings in Grand Canyon Education by 8.1% during the 1st quarter. Northern Trust Corp now owns 370,875 shares of the company's stock valued at $64,169,000 after buying an additional 27,714 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in 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 in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Grand Canyon Education by 7.1% in the first quarter. American Century Companies Inc. now owns 21,357 shares of the company's stock worth $3,695,000 after acquiring an additional 1,409 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on LOPE shares. BMO Capital Markets decreased 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. Wall Street Zen upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Barrington Research reiterated an "outperform" rating and set a $215.00 price target on shares of Grand Canyon Education in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Grand Canyon Education presently has a consensus rating of "Buy" and a consensus target price of $203.67.

Grand Canyon Education Trading Down 0.7%

NASDAQ LOPE opened at $201.47 on Thursday. The business's 50-day moving average price is $181.95 and its 200 day moving average price is $181.27. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $203.70. The company has a market capitalization of $5.66 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79.

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

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.

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