Boston Partners Decreases Holdings in Grand Canyon Education, Inc. $LOPE

Key Points

• Boston Partners reduced its stake in Grand Canyon Education, Inc. by 0.6%, holding 390,632 shares worth approximately $67.6 million.
• Several large investors, including T. Rowe Price and Allianz Asset Management, increased their holdings, resulting in 94.17% of the stock being owned by institutional investors and hedge funds.
• Grand Canyon Education reported a quarterly EPS of $1.53, exceeding estimates, with revenue of $247.5 million, reflecting an 8.8% year-over-year increase.

Boston Partners decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,632 shares of the company's stock after selling 2,322 shares during the period. Boston Partners owned about 1.37% of Grand Canyon Education worth $67,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Grand Canyon Education during the 1st quarter valued at $35,000. Informed Momentum Co LLC bought a new stake in shares of Grand Canyon Education during the 1st quarter valued at $3,721,000. Public Sector Pension Investment Board bought a new stake in shares of Grand Canyon Education during the 1st quarter valued at $9,216,000. CCM Investment Group LLC bought a new position in Grand Canyon Education in the 1st quarter worth $615,000. Finally, Nuveen LLC bought a new position in Grand Canyon Education in the 1st quarter worth $20,906,000. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Performance

Shares of LOPE traded down $0.0750 during midday trading on Wednesday, hitting $202.8950. 16,968 shares of the company traded hands, compared to its average volume of 218,294. The firm has a 50 day moving average of $181.59 and a 200-day moving average of $181.13. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $203.70. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.47 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, beating the consensus estimate 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 business 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 firm earned $1.19 EPS. The business's revenue was up 8.8% on a year-over-year basis. Sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on LOPE. Wall Street Zen raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barrington Research reaffirmed an "outperform" rating and issued a $215.00 target price on shares of Grand Canyon Education in a report on Thursday, August 7th. Finally, BMO Capital Markets dropped 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 report on Monday, July 7th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $203.67.

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.