US Bancorp DE Sells 1,238 Shares of Grand Canyon Education, Inc. $LOPE

Key Points

• US Bancorp DE sold 1,238 shares of Grand Canyon Education, reducing its ownership by 7.0%, leaving it with a total of 16,530 shares valued at approximately $3,124,000.
• Grand Canyon Education recently reported $1.53 EPS for its quarterly earnings, exceeding analysts' estimates of $1.37, and showing an 8.8% increase in revenue from the previous year.
• Analysts have mixed ratings on Grand Canyon Education, with a consensus of "Moderate Buy" and an average target price of $208.67.

US Bancorp DE reduced its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,530 shares of the company's stock after selling 1,238 shares during the quarter. US Bancorp DE owned 0.06% of Grand Canyon Education worth $3,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LOPE. Allianz Asset Management GmbH raised 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 purchasing an additional 171,261 shares during the period. Nuveen LLC bought a new stake in Grand Canyon Education in the first quarter valued at approximately $20,906,000. Pacer Advisors Inc. raised its stake in Grand Canyon Education by 1,157.5% in the first quarter. Pacer Advisors Inc. now owns 99,440 shares of the company's stock valued at $17,205,000 after buying an additional 91,532 shares during the period. Driehaus Capital Management LLC bought a new stake in Grand Canyon Education in the first quarter valued at approximately $15,796,000. Finally, Foresight Group Ltd Liability Partnership bought a new stake in Grand Canyon Education in the first quarter valued at approximately $14,408,000. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $213.24 on Wednesday. Grand Canyon Education, Inc. has a 52 week low of $130.69 and a 52 week high of $220.79. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 1.53 and a beta of 0.76. The firm's 50-day simple moving average is $206.00 and its 200 day simple moving average is $190.02.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $240.90 million. During the same period last year, the firm earned $1.19 earnings per share. Grand Canyon Education's revenue for the quarter was up 8.8% compared to the same quarter last year. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research cut Grand Canyon Education from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Wall Street Zen raised shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. BMO Capital Markets dropped their price objective on shares of Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research report on Monday, July 7th. Barrington Research reissued an "outperform" rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of Grand Canyon Education in a report on Tuesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Grand Canyon Education currently has a consensus rating of "Moderate Buy" and an average target price of $208.67.

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.

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