BI Asset Management Fondsmaeglerselskab A S Has $3.03 Million Stock Holdings in Grand Canyon Education, Inc. $LOPE

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 lifted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 168.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 0.06% of Grand Canyon Education worth $3,026,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GeoWealth Management LLC purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Grand Canyon Education during the first quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Grand Canyon Education by 58.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock worth $45,000 after buying an additional 96 shares in the last quarter. UMB Bank n.a. grew its holdings in Grand Canyon Education by 107.8% in the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock worth $55,000 after buying an additional 165 shares in the last quarter. Finally, Cypress Capital Management LLC WY bought a new position in Grand Canyon Education in the 1st quarter worth approximately $65,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BMO Capital Markets decreased their price target on 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. Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Barrington Research restated an "outperform" rating and issued a $215.00 target price on shares of Grand Canyon Education in a report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Grand Canyon Education currently has an average rating of "Buy" and an average price target of $203.67.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE traded up $0.78 during mid-day trading on Tuesday, hitting $203.85. The company had a trading volume of 23,339 shares, compared to its average volume of 218,913. The business's 50-day simple moving average is $183.07 and its 200-day simple moving average is $181.80. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $207.12. The firm has a market cap of $5.73 billion, a P/E ratio of 24.67, a PEG ratio of 1.49 and a beta of 0.79.

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