Grand Canyon Education, Inc. $LOPE Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 25.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,459 shares of the company’s stock after purchasing an additional 11,908 shares during the period. Voya Investment Management LLC owned 0.21% of Grand Canyon Education worth $10,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SVB Wealth LLC purchased a new stake in shares of Grand Canyon Education during the 1st quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Grand Canyon Education during the first quarter worth $35,000. WPG Advisers LLC purchased a new stake in shares of Grand Canyon Education during the first quarter worth $44,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Grand Canyon Education by 58.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock worth $45,000 after purchasing an additional 96 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Grand Canyon Education by 107.8% during the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after purchasing an additional 165 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Price Performance

NASDAQ LOPE opened at $207.80 on Wednesday. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $211.31. The company has a market capitalization of $5.84 billion, a PE ratio of 25.16, a P/E/G ratio of 1.52 and a beta of 0.80. The company has a fifty day moving average of $189.00 and a two-hundred day moving average of $184.35.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data 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. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company had revenue of $247.50 million during the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Grand Canyon Education’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Analysts Set New Price Targets

LOPE has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. BMO Capital Markets lowered their target price on shares of 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. Finally, Barrington Research reiterated an “outperform” rating and set a $215.00 target price on shares of Grand Canyon Education in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $203.67.

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.