DekaBank Deutsche Girozentrale Cuts Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

DekaBank Deutsche Girozentrale cut its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,719 shares of the company's stock after selling 14,975 shares during the period. DekaBank Deutsche Girozentrale owned 0.23% of Grand Canyon Education worth $11,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LOPE. OneDigital Investment Advisors LLC acquired a new stake in Grand Canyon Education in the first quarter valued at $232,000. Convergence Financial LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth about $249,000. Bessemer Group Inc. raised its position in shares of Grand Canyon Education by 244.2% during the 1st quarter. Bessemer Group Inc. now owns 716 shares of the company's stock worth $124,000 after acquiring an additional 508 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Grand Canyon Education during the fourth quarter worth approximately $421,000. Finally, 111 Capital acquired a new position in Grand Canyon Education in the fourth quarter valued at approximately $528,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LOPE shares. Barrington Research boosted their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. BMO Capital Markets cut their price target on shares of 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. Finally, Wall Street Zen downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.

Grand Canyon Education Stock Performance

NASDAQ LOPE traded down $0.01 on Monday, reaching $172.78. The stock had a trading volume of 155,307 shares, compared to its average volume of 184,047. The stock has a market cap of $4.90 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.32 and a beta of 0.77. The business's 50-day moving average price is $189.57 and its 200 day moving average price is $178.98. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The firm had revenue of $289.31 million during the quarter, compared to analysts' expectations of $287.18 million. During the same quarter in the prior year, the business earned $2.35 EPS. Grand Canyon Education's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share 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.