Amundi Pioneer Asset Management Inc. boosted its position in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 3.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,770 shares of the company’s stock after acquiring an additional 5,329 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Grand Canyon Education were worth $17,837,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of LOPE. Norges Bank acquired a new position in Grand Canyon Education during the 4th quarter worth approximately $45,852,000. Gotham Asset Management LLC acquired a new position in Grand Canyon Education during the 4th quarter worth approximately $11,313,000. FMR LLC grew its holdings in Grand Canyon Education by 4.8% during the 4th quarter. FMR LLC now owns 2,376,673 shares of the company’s stock worth $228,494,000 after acquiring an additional 107,953 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in Grand Canyon Education by 14.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 780,798 shares of the company’s stock worth $75,066,000 after acquiring an additional 97,252 shares in the last quarter. Finally, FIL Ltd grew its holdings in Grand Canyon Education by 3.3% during the 1st quarter. FIL Ltd now owns 1,924,620 shares of the company’s stock worth $220,388,000 after acquiring an additional 61,057 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.
Several research firms have commented on LOPE. BidaskClub upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, BMO Capital Markets upped their target price on shares of Grand Canyon Education to $130.00 and gave the company an “outperform” rating in a report on Friday, February 22nd. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $133.20.
Shares of Grand Canyon Education stock opened at $123.37 on Friday. Grand Canyon Education Inc has a 12-month low of $90.67 and a 12-month high of $130.10. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $5.95 billion, a PE ratio of 24.24, a P/E/G ratio of 1.48 and a beta of 0.90.
Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, May 7th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.13. Grand Canyon Education had a net margin of 29.80% and a return on equity of 21.50%. The business had revenue of $197.29 million during the quarter, compared to analysts’ expectations of $195.60 million. During the same quarter in the prior year, the business posted $1.52 EPS. The company’s revenue for the quarter was down 28.4% on a year-over-year basis. As a group, research analysts expect that Grand Canyon Education Inc will post 5.24 earnings per share for the current year.
In related news, CEO Brian E. Mueller sold 40,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $126.10, for a total transaction of $5,044,000.00. Following the completion of the sale, the chief executive officer now owns 320,124 shares in the company, valued at approximately $40,367,636.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph N. Mildenhall sold 19,900 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $113.95, for a total transaction of $2,267,605.00. Following the sale, the insider now owns 84,709 shares of the company’s stock, valued at approximately $9,652,590.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,900 shares of company stock valued at $10,548,685. Company insiders own 2.00% of the company’s stock.
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About Grand Canyon Education
Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.
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