DekaBank Deutsche Girozentrale Has $15.34 Million Position in Grand Canyon Education, Inc. $LOPE

DekaBank Deutsche Girozentrale grew its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,694 shares of the company’s stock after acquiring an additional 14,975 shares during the period. DekaBank Deutsche Girozentrale owned 0.29% of Grand Canyon Education worth $15,344,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LOPE. Allianz Asset Management GmbH grew its holdings in Grand Canyon Education by 79.7% during the 1st quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company’s stock worth $66,828,000 after acquiring an additional 171,261 shares during the period. Nuveen LLC acquired a new stake in Grand Canyon Education during the 1st quarter worth about $20,906,000. William Blair Investment Management LLC bought a new position in shares of Grand Canyon Education during the 2nd quarter worth about $19,725,000. Pacer Advisors Inc. grew its stake in shares of Grand Canyon Education by 1,157.5% in the 1st 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. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Grand Canyon Education in the 1st quarter valued at about $15,796,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LOPE has been the subject of several research reports. Weiss Ratings restated a “buy (b+)” rating on shares of Grand Canyon Education in a research note on Tuesday, October 14th. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research downgraded Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Barrington Research restated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research note on Tuesday. Finally, BMO Capital Markets reduced their target price 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Grand Canyon Education has an average rating of “Moderate Buy” and an average price target of $208.67.

Grand Canyon Education Stock Performance

LOPE stock opened at $218.12 on Thursday. The company has a market capitalization of $6.13 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.76. Grand Canyon Education, Inc. has a 52-week low of $132.12 and a 52-week high of $220.79. The business has a 50-day simple moving average of $208.41 and a two-hundred day simple moving average of $191.50.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.16. The business had revenue of $247.50 million during 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 quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. As a group, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.