Allianz Asset Management GmbH Acquires 12,834 Shares of Grand Canyon Education, Inc. $LOPE

Allianz Asset Management GmbH raised its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 405,506 shares of the company’s stock after acquiring an additional 12,834 shares during the quarter. Allianz Asset Management GmbH owned about 1.44% of Grand Canyon Education worth $89,017,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Burgundy Asset Management Ltd. increased its position in Grand Canyon Education by 3.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 982,698 shares of the company’s stock worth $185,730,000 after buying an additional 36,546 shares during the period. AQR Capital Management LLC grew its stake in shares of Grand Canyon Education by 3.5% in the second quarter. AQR Capital Management LLC now owns 597,567 shares of the company’s stock worth $112,940,000 after acquiring an additional 20,485 shares during the last quarter. Invesco Ltd. increased its position in Grand Canyon Education by 57.5% during the second quarter. Invesco Ltd. now owns 560,068 shares of the company’s stock worth $105,853,000 after acquiring an additional 204,582 shares during the period. Los Angeles Capital Management LLC raised its stake in Grand Canyon Education by 12.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 407,282 shares of the company’s stock valued at $76,976,000 after purchasing an additional 46,457 shares during the last quarter. Finally, Norges Bank acquired a new position in Grand Canyon Education during the 2nd quarter valued at $65,736,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Stock Down 6.1%

NASDAQ:LOPE opened at $164.53 on Wednesday. The firm has a market capitalization of $4.60 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.16 and a beta of 0.74. Grand Canyon Education, Inc. has a 12-month low of $149.83 and a 12-month high of $223.04. The firm has a 50-day moving average price of $167.53 and a 200 day moving average price of $185.15.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.78. Grand Canyon Education had a return on equity of 32.41% and a net margin of 19.38%.The company had revenue of $261.14 million for the quarter, compared to the consensus estimate of $259.97 million. During the same period in the previous year, the business earned $1.48 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings lowered Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Grand Canyon Education has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher?education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non?traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.