DekaBank Deutsche Girozentrale Sells 8,714 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 81,694 shares of the company’s stock after selling 8,714 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.27% of Grand Canyon Education worth $11,395,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in LOPE. Vanguard Group Inc. grew its position in Grand Canyon Education by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,005,381 shares of the company’s stock valued at $409,363,000 after acquiring an additional 24,871 shares during the period. Burgundy Asset Management Ltd. grew its holdings in shares of Grand Canyon Education by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company’s stock worth $118,971,000 after purchasing an additional 11,179 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of Grand Canyon Education by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock worth $105,908,000 after purchasing an additional 11,540 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Grand Canyon Education by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company’s stock valued at $100,197,000 after purchasing an additional 12,509 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Grand Canyon Education by 47.7% in the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock valued at $74,452,000 after buying an additional 173,800 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $137.35 on Thursday. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.10 and a beta of 0.69. Grand Canyon Education, Inc. has a 52 week low of $117.02 and a 52 week high of $157.53. The business’s fifty day moving average price is $139.01 and its two-hundred day moving average price is $140.78.

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

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LOPE. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their target price on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Grand Canyon Education in a report on Friday, September 20th.

Grand Canyon Education 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.