Grand Canyon Education, Inc. (NASDAQ:LOPE) Position Trimmed by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 10.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 214,983 shares of the company’s stock after selling 24,121 shares during the period. Allianz Asset Management GmbH’s holdings in Grand Canyon Education were worth $35,214,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Grand Canyon Education during the fourth quarter worth about $27,000. Reston Wealth Management LLC acquired a new stake in shares of Grand Canyon Education during the 3rd quarter worth approximately $28,000. True Wealth Design LLC bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth approximately $31,000. Financial Life Planners acquired a new position in Grand Canyon Education during the 4th quarter valued at approximately $37,000. Finally, Versant Capital Management Inc grew its stake in Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after buying an additional 167 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Stock Down 3.0 %

Shares of NASDAQ LOPE opened at $181.70 on Monday. The stock has a market cap of $5.22 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.42 and a beta of 0.74. The firm’s 50-day simple moving average is $171.04 and its 200 day simple moving average is $155.79. Grand Canyon Education, Inc. has a fifty-two week low of $126.17 and a fifty-two week high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The company had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. On average, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barrington Research raised their target price on Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird upped their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday.

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.