DekaBank Deutsche Girozentrale Cuts Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

DekaBank Deutsche Girozentrale decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,694 shares of the company's stock after selling 8,714 shares during the period. DekaBank Deutsche Girozentrale owned 0.27% of Grand Canyon Education worth $11,395,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 173,800 shares during the period. Acadian Asset Management LLC grew its position in Grand Canyon Education by 78.5% during the 1st quarter. Acadian Asset Management LLC now owns 308,357 shares of the company's stock worth $41,977,000 after purchasing an additional 135,626 shares during the last quarter. Renaissance Technologies LLC increased its stake in Grand Canyon Education by 41.0% in the second quarter. Renaissance Technologies LLC now owns 285,057 shares of the company's stock valued at $39,882,000 after purchasing an additional 82,855 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Grand Canyon Education by 89.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company's stock valued at $24,215,000 after buying an additional 81,853 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Grand Canyon Education by 42.3% during the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company's stock worth $30,833,000 after buying an additional 65,518 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on LOPE shares. BMO Capital Markets upped their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. StockNews.com cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Finally, Barrington Research reiterated an "outperform" rating and issued a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th.

Grand Canyon Education Price Performance

Grand Canyon Education stock traded down $0.24 during mid-day trading on Thursday, reaching $137.11. The company had a trading volume of 142,373 shares, compared to its average volume of 176,497. The stock's 50-day simple moving average is $139.01 and its 200-day simple moving average is $140.78. The company has a market capitalization of $4.04 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.10 and a beta of 0.69. Grand Canyon Education, Inc. has a 1 year low of $117.02 and a 1 year high of $157.53.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The firm had revenue of $227.50 million during the quarter, compared to analysts' expectations of $223.56 million. During the same period in the previous year, the firm posted $1.01 earnings per share. Grand Canyon Education's revenue was up 8.0% on a year-over-year basis. On average, equities analysts forecast that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer now owns 22,674 shares of the company's stock, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

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.