Allianz SE Invests $470,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Allianz SE purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,718 shares of the company’s stock, valued at approximately $470,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. acquired a new position in shares of Grand Canyon Education in the 1st quarter valued at $352,000. Natixis Advisors LLC raised its holdings in shares of Grand Canyon Education by 12.3% in the 1st quarter. Natixis Advisors LLC now owns 11,773 shares of the company’s stock valued at $2,037,000 after buying an additional 1,289 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Grand Canyon Education in the 1st quarter valued at $75,000. Vestcor Inc raised its holdings in shares of Grand Canyon Education by 31.4% in the 1st quarter. Vestcor Inc now owns 8,037 shares of the company’s stock valued at $1,391,000 after buying an additional 1,919 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Grand Canyon Education in the 1st quarter valued at $720,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LOPE. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. BMO Capital Markets reduced their price target on 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. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Grand Canyon Education in a research report on Wednesday, July 23rd.

Grand Canyon Education Price Performance

LOPE stock opened at $170.15 on Monday. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $202.28. The firm has a market capitalization of $4.83 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.30 and a beta of 0.79. The business’s 50-day moving average is $182.29 and its two-hundred day moving average is $179.60.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The business had revenue of $289.31 million for the quarter, compared to the consensus estimate of $287.18 million. During the same quarter in the prior year, the business posted $2.35 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts expect 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.