Private Client Services LLC Takes Position in Grand Canyon Education, Inc. $LOPE

Key Points

• Private Client Services LLC acquired 5,089 shares of Grand Canyon Education, Inc. during the second quarter, valued at approximately $962,000.
• Hedge funds and institutional investors now own 94.17% of Grand Canyon Education's stock, reflecting significant investor interest.
• Grand Canyon Education reported a quarterly earnings per share of $1.53, exceeding analysts' expectations of $1.37, with revenue increasing 8.8% year-over-year.

Private Client Services LLC acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,089 shares of the company's stock, valued at approximately $962,000.

A number of other hedge funds have also made changes to their positions in the business. Burgundy Asset Management Ltd. increased its holdings in shares of Grand Canyon Education by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 946,152 shares of the company's stock valued at $163,703,000 after acquiring an additional 61,034 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Grand Canyon Education by 2.1% in the 1st quarter. AQR Capital Management LLC now owns 577,082 shares of the company's stock valued at $99,656,000 after acquiring an additional 12,003 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Grand Canyon Education by 79.7% in the 1st quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company's stock valued at $66,828,000 after acquiring an additional 171,261 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Grand Canyon Education by 8.1% in the 1st quarter. Northern Trust Corp now owns 370,875 shares of the company's stock valued at $64,169,000 after acquiring an additional 27,714 shares during the last quarter. Finally, Reinhart Partners LLC. increased its holdings in shares of Grand Canyon Education by 10.7% in the 1st quarter. Reinhart Partners LLC. now owns 366,392 shares of the company's stock valued at $63,393,000 after acquiring an additional 35,446 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Trading Up 0.1%

Grand Canyon Education stock opened at $209.66 on Friday. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $211.31. The stock has a 50 day moving average of $187.88 and a two-hundred day moving average of $183.93. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.54 and a beta of 0.80.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets decreased their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a research report on Monday, July 7th. Barrington Research reissued an "outperform" rating and issued a $215.00 target price on shares of Grand Canyon Education in a research report on Thursday, August 7th. Finally, Wall Street Zen raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average 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.

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