DekaBank Deutsche Girozentrale Increases Position in Grand Canyon Education, Inc. $LOPE

DekaBank Deutsche Girozentrale lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 22.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,694 shares of the company’s stock after buying an additional 14,975 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Grand Canyon Education were worth $15,344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC purchased a new position in shares of Grand Canyon Education in the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Grand Canyon Education in the 1st quarter worth approximately $35,000. WPG Advisers LLC bought a new stake in shares of Grand Canyon Education in the 1st quarter worth approximately $44,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Grand Canyon Education by 58.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock worth $45,000 after purchasing an additional 96 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Grand Canyon Education by 2,172.7% in the 2nd quarter. IFP Advisors Inc now owns 250 shares of the company’s stock worth $47,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE opened at $218.12 on Thursday. Grand Canyon Education, Inc. has a 52-week low of $132.12 and a 52-week high of $220.79. The firm has a fifty day moving average of $208.41 and a 200 day moving average of $191.50. The firm has a market capitalization of $6.13 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.76.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.16. The business 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 was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on LOPE. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Grand Canyon Education in a report on Tuesday, October 14th. BMO Capital Markets lowered 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 report on Monday, July 7th. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research cut shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a report on Tuesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Grand Canyon Education presently has an average rating of “Moderate Buy” and a consensus target price of $208.67.

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.