Boston Partners Sells 2,322 Shares of 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 cut its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,632 shares of the company's stock after selling 2,322 shares during the quarter. Boston Partners owned about 1.37% of Grand Canyon Education worth $67,607,000 at the end of the most recent reporting period.

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

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE traded down $1.50 during mid-day trading on Wednesday, reaching $201.47. 182,635 shares of the company's stock traded hands, compared to its average volume of 325,975. The stock has a market cap of $5.66 billion, a P/E ratio of 24.39, a PEG ratio of 1.49 and a beta of 0.79. The business has a 50-day simple moving average of $181.95 and a 200 day simple moving average of $181.27. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $203.70.

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 the consensus estimate of $1.37 by $0.16. The firm had revenue of $247.50 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. Equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on LOPE. BMO Capital Markets reduced their price target 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. Barrington Research restated an "outperform" rating and issued a $215.00 price target on shares of Grand Canyon Education in a report on Thursday, August 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, Grand Canyon Education presently 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.