US Bancorp DE Sells 1,238 Shares of Grand Canyon Education, Inc. $LOPE

US Bancorp DE lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.0% during the second quarter, Holdings Channel reports. The firm owned 16,530 shares of the company’s stock after selling 1,238 shares during the period. US Bancorp DE’s holdings in Grand Canyon Education were worth $3,124,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. 111 Capital increased its holdings in Grand Canyon Education by 43.2% in the 2nd quarter. 111 Capital now owns 2,328 shares of the company’s stock valued at $440,000 after buying an additional 702 shares during the period. USA Financial Formulas bought a new position in Grand Canyon Education in the second quarter valued at approximately $266,000. Signaturefd LLC increased its stake in Grand Canyon Education by 9.8% in the second quarter. Signaturefd LLC now owns 949 shares of the company’s stock valued at $179,000 after acquiring an additional 85 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in Grand Canyon Education in the second quarter valued at approximately $143,000. Finally, Public Employees Retirement System of Ohio increased its stake in Grand Canyon Education by 4.7% in the second quarter. Public Employees Retirement System of Ohio now owns 9,796 shares of the company’s stock valued at $1,851,000 after acquiring an additional 438 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 2.7%

Shares of LOPE stock opened at $213.24 on Wednesday. The firm has a market capitalization of $5.99 billion, a P/E ratio of 25.82, a P/E/G ratio of 1.53 and a beta of 0.76. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $220.79. The stock’s fifty day simple moving average is $206.00 and its 200 day simple moving average is $190.02.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. The company had revenue of $247.50 million for the quarter, compared to analysts’ expectations of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. As a group, equities research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LOPE shares. Wall Street Zen upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Grand Canyon Education in a research report on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research report on Tuesday, September 23rd. Zacks Research cut Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, BMO Capital Markets decreased their price target on shares of Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating on the stock in a report on Monday, July 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.67.

Grand Canyon Education 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.