BI Asset Management Fondsmaeglerselskab A S Boosts Stake in Grand Canyon Education, Inc. $LOPE

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 168.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,491 shares of the company’s stock after acquiring an additional 10,976 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Grand Canyon Education were worth $3,026,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LOPE. GeoWealth Management LLC purchased a new stake in shares of Grand Canyon Education during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Grand Canyon Education during the first quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Grand Canyon Education by 58.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company’s stock worth $45,000 after buying an additional 96 shares during the period. UMB Bank n.a. increased its position in shares of Grand Canyon Education by 107.8% in the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after acquiring an additional 165 shares in the last quarter. Finally, Cypress Capital Management LLC WY acquired a new stake in shares of Grand Canyon Education in the first quarter worth $65,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on LOPE shares. Wall Street Zen upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Barrington Research restated an “outperform” rating and set a $215.00 price objective on shares of Grand Canyon Education in a research note on Thursday, August 7th. Finally, BMO Capital Markets decreased their target price on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, July 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $203.67.

Grand Canyon Education Price Performance

Grand Canyon Education stock opened at $201.47 on Thursday. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $203.70. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79. The firm’s fifty day moving average price is $181.95 and its 200 day moving average price is $181.27.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.16. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The company had revenue of $247.50 million during the quarter, compared to the consensus estimate of $240.90 million. During the same period last year, the firm earned $1.19 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal 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.