Allspring Global Investments Holdings LLC Has $24.12 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Allspring Global Investments Holdings LLC cut its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 170,067 shares of the company’s stock after selling 3,008 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Grand Canyon Education were worth $24,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOPE. AQR Capital Management LLC increased its stake 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 buying an additional 173,800 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Grand Canyon Education by 78.5% in the first quarter. Acadian Asset Management LLC now owns 308,357 shares of the company’s stock valued at $41,977,000 after buying an additional 135,626 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 buying an additional 82,855 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Grand Canyon Education by 42.3% in the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company’s stock valued at $30,833,000 after buying an additional 65,518 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Grand Canyon Education by 1,481.8% in the second quarter. Cubist Systematic Strategies LLC now owns 64,821 shares of the company’s stock valued at $9,069,000 after buying an additional 60,723 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The stock was 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 in the company, valued at $3,202,249.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Trading Up 1.7 %

Shares of LOPE opened at $134.53 on Thursday. Grand Canyon Education, Inc. has a 1 year low of $113.19 and a 1 year high of $157.53. The stock has a market cap of $4.00 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.12 and a beta of 0.69. The stock’s 50-day moving average price is $139.60 and its two-hundred day moving average price is $140.68.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $223.56 million. During the same quarter last year, the business earned $1.01 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 7.98 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LOPE shares. BMO Capital Markets raised their price target on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $165.00 price target on shares of Grand Canyon Education in a report on Friday, September 20th.

Grand Canyon Education Company 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.