Robeco Institutional Asset Management B.V. Trims Stake in Grand Canyon Education, Inc. $LOPE

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Grand Canyon Education, Inc. by 8.4% during the second quarter, selling 11,446 shares and owning approximately $23.59 million worth at the end of the period.
• Several analysts have recently adjusted their price targets for Grand Canyon Education, with BMO Capital Markets lowering it from $222.00 to $210.00, while Barrington Research set a target of $230.00.
• Grand Canyon Education reported an earnings per share (EPS) of $1.53 for the last quarter, beating analysts' expectations, and its revenue increased by 8.8% year-over-year.

Robeco Institutional Asset Management B.V. cut its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,816 shares of the company's stock after selling 11,446 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.44% of Grand Canyon Education worth $23,590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of Grand Canyon Education in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Grand Canyon Education in the first quarter valued at $35,000. WPG Advisers LLC purchased a new position in Grand Canyon Education in the first quarter valued at $44,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Grand Canyon Education by 58.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock worth $45,000 after acquiring an additional 96 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock worth $55,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LOPE shares. BMO Capital Markets cut 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. Weiss Ratings reissued a "buy (b)" rating on shares of Grand Canyon Education in a report on Saturday, September 27th. Barrington Research reaffirmed an "outperform" rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Tuesday, September 23rd. Finally, Wall Street Zen upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Grand Canyon Education presently has a consensus rating of "Buy" and an average target price of $208.67.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $217.24 on Friday. The stock has a 50 day moving average of $200.22 and a 200 day moving average of $188.20. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.60 and a beta of 0.76. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $220.79.

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

Grand Canyon Education Company 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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