Grand Canyon Education, Inc. (NASDAQ:LOPE) Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,223 shares of the company’s stock after acquiring an additional 6,783 shares during the period. Bank of New York Mellon Corp owned about 0.96% of Grand Canyon Education worth $39,906,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LOPE. Calamos Advisors LLC purchased a new position in Grand Canyon Education during the second quarter valued at approximately $225,000. Capital Insight Partners LLC grew its position in Grand Canyon Education by 2.5% during the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after purchasing an additional 105 shares in the last quarter. Lecap Asset Management Ltd. grew its position in Grand Canyon Education by 16.4% during the second quarter. Lecap Asset Management Ltd. now owns 4,835 shares of the company’s stock valued at $676,000 after purchasing an additional 680 shares in the last quarter. Summit Global Investments purchased a new position in Grand Canyon Education during the second quarter valued at approximately $261,000. Finally, Pallas Capital Advisors LLC bought a new stake in Grand Canyon Education in the second quarter worth approximately $292,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barrington Research reissued an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a research report on Wednesday, August 7th. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Grand Canyon Education Trading Up 1.2 %

Shares of Grand Canyon Education stock opened at $145.01 on Tuesday. The firm has a fifty day simple moving average of $144.64 and a 200-day simple moving average of $139.23. Grand Canyon Education, Inc. has a 1-year low of $110.42 and a 1-year high of $157.53. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.21 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, research analysts predict that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

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.