Caitong International Asset Management Co. Ltd Invests $35,000 in Grand Canyon Education, Inc. $LOPE

Caitong International Asset Management Co. Ltd purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 205 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors have also recently made changes to their positions in LOPE. Burgundy Asset Management Ltd. boosted its stake in Grand Canyon Education by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company’s stock valued at $144,982,000 after buying an additional 14,667 shares during the period. Allianz Asset Management GmbH boosted its stake in Grand Canyon Education by 79.7% during the first quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company’s stock valued at $66,828,000 after buying an additional 171,261 shares during the period. Reinhart Partners LLC. boosted its stake in Grand Canyon Education by 10.7% during the first quarter. Reinhart Partners LLC. now owns 366,392 shares of the company’s stock valued at $63,393,000 after buying an additional 35,446 shares during the period. Los Angeles Capital Management LLC boosted its stake in Grand Canyon Education by 3.8% during the first quarter. Los Angeles Capital Management LLC now owns 360,825 shares of the company’s stock valued at $62,430,000 after buying an additional 13,347 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new stake in Grand Canyon Education during the fourth quarter valued at $38,066,000. 94.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LOPE shares. BMO Capital Markets dropped their price objective 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. Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $215.00 price target on shares of Grand Canyon Education in a research note on Thursday, August 7th.

Grand Canyon Education Stock Up 0.8%

Shares of LOPE stock opened at $197.64 on Monday. The business has a 50-day moving average price of $180.92 and a two-hundred day moving average price of $180.81. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28. The firm has a market cap of $5.55 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 1.45 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.37 by $0.16. The firm 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 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 earnings per share. As a group, research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal 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.