Deutsche Bank AG Has $14.30 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Deutsche Bank AG grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 14.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 87,294 shares of the company’s stock after buying an additional 11,153 shares during the period. Deutsche Bank AG’s holdings in Grand Canyon Education were worth $14,299,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its stake in Grand Canyon Education by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock worth $692,000 after purchasing an additional 63 shares during the period. Barclays PLC lifted its holdings in shares of Grand Canyon Education by 0.4% in the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after purchasing an additional 84 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Grand Canyon Education by 2.1% in the fourth quarter. Xponance Inc. now owns 4,634 shares of the company’s stock valued at $759,000 after purchasing an additional 95 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Grand Canyon Education by 22.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock worth $88,000 after acquiring an additional 99 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in Grand Canyon Education by 4.3% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,102 shares of the company’s stock worth $508,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 0.8%

Shares of Grand Canyon Education stock opened at $195.74 on Friday. The firm has a market capitalization of $5.55 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80. The business’s 50-day moving average price is $176.49 and its 200-day moving average price is $171.03. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $202.28.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The business had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. During the same period last year, the company earned $2.35 EPS. Grand Canyon Education’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LOPE shares. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. BMO Capital Markets increased their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Finally, Barrington Research upped their target price on Grand Canyon Education from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th.

About Grand Canyon Education

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.