Arizona State Retirement System lessened its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,574 shares of the company's stock after selling 1,259 shares during the period. Arizona State Retirement System's holdings in Grand Canyon Education were worth $902,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of LOPE. Riverbridge Partners LLC lifted its holdings in Grand Canyon Education by 6.7% during the 1st quarter. Riverbridge Partners LLC now owns 2,971,340 shares of the company's stock worth $288,547,000 after buying an additional 186,588 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Grand Canyon Education during the 2nd quarter worth approximately $13,719,000. JPMorgan Chase & Co. lifted its holdings in Grand Canyon Education by 98.6% during the 1st quarter. JPMorgan Chase & Co. now owns 172,779 shares of the company's stock worth $16,778,000 after buying an additional 85,776 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Grand Canyon Education by 395.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 97,028 shares of the company's stock worth $9,138,000 after buying an additional 77,459 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Grand Canyon Education by 87.9% during the 1st quarter. American Century Companies Inc. now owns 161,272 shares of the company's stock worth $15,661,000 after purchasing an additional 75,462 shares during the period. Institutional investors own 94.51% of the company's stock.
Get Grand Canyon Education alerts:Grand Canyon Education Price Performance
Shares of Grand Canyon Education stock opened at $83.77 on Friday. Grand Canyon Education, Inc. has a 1-year low of $70.00 and a 1-year high of $102.04. The business's fifty day moving average price is $82.87 and its two-hundred day moving average price is $89.14. The company has a market capitalization of $2.68 billion, a P/E ratio of 14.72, a PEG ratio of 0.99 and a beta of 0.44.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. The business had revenue of $199.80 million for the quarter, compared to analysts' expectations of $201.07 million. Grand Canyon Education had a net margin of 23.99% and a return on equity of 23.44%. The company's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. On average, research analysts expect that Grand Canyon Education, Inc. will post 5.63 earnings per share for the current fiscal year.Wall Street Analyst Weigh In
A number of brokerages recently commented on LOPE. TheStreet downgraded Grand Canyon Education from a "b-" rating to a "c+" rating in a research note on Tuesday, August 23rd. StockNews.com assumed coverage on shares of Grand Canyon Education in a research report on Wednesday, October 12th. They set a "hold" rating for the company.
Grand Canyon Education Profile
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Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.
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