Grand Canyon Education, Inc. $LOPE Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 87.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,741 shares of the company’s stock after selling 175,189 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of Grand Canyon Education worth $4,281,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in Grand Canyon Education during the third quarter worth about $29,000. Manning & Napier Advisors LLC acquired a new stake in Grand Canyon Education in the 3rd quarter valued at about $32,000. True Wealth Design LLC lifted its holdings in Grand Canyon Education by 46.0% in the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after acquiring an additional 64 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of Grand Canyon Education during the 3rd quarter valued at about $48,000. Finally, Financial Life Planners acquired a new position in shares of Grand Canyon Education in the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

LOPE has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, February 19th. Weiss Ratings lowered shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Grand Canyon Education currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $166.58 on Monday. Grand Canyon Education, Inc. has a 1 year low of $149.37 and a 1 year high of $223.04. The company has a market cap of $4.52 billion, a PE ratio of 21.58, a PEG ratio of 1.10 and a beta of 0.72. The stock’s 50-day moving average price is $166.37 and its two-hundred day moving average price is $177.93.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, February 18th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $3.19 by $0.02. The company had revenue of $308.12 million during the quarter, compared to analysts’ expectations of $307.92 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company posted $2.95 earnings per share. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.