Grand Canyon Education Inc (LOPE) Holdings Reduced by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Grand Canyon Education Inc (NASDAQ:LOPE) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,256 shares of the company’s stock after selling 38,252 shares during the period. Assenagon Asset Management S.A.’s holdings in Grand Canyon Education were worth $16,836,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in Grand Canyon Education in the second quarter valued at approximately $118,000. We Are One Seven LLC purchased a new position in Grand Canyon Education in the third quarter valued at approximately $202,000. HRT Financial LLC purchased a new position in Grand Canyon Education in the second quarter valued at approximately $213,000. V Wealth Management LLC purchased a new position in Grand Canyon Education in the second quarter valued at approximately $219,000. Finally, Alpha Cubed Investments LLC purchased a new position in Grand Canyon Education in the third quarter valued at approximately $243,000. Institutional investors own 94.06% of the company’s stock.

LOPE has been the topic of several recent analyst reports. Barrington Research reiterated a “buy” rating and issued a $135.00 price target on shares of Grand Canyon Education in a research note on Friday, October 5th. BidaskClub lowered shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research note on Thursday, September 6th. Robert W. Baird increased their price target on shares of Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Finally, Piper Jaffray Companies increased their price target on shares of Grand Canyon Education from $117.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, July 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $133.20.



LOPE stock opened at $121.07 on Tuesday. The company has a market capitalization of $5.81 billion, a PE ratio of 30.57, a PEG ratio of 1.54 and a beta of 1.15. Grand Canyon Education Inc has a twelve month low of $83.52 and a twelve month high of $123.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.73 and a quick ratio of 5.73.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The business had revenue of $236.82 million during the quarter, compared to the consensus estimate of $235.13 million. Grand Canyon Education had a return on equity of 21.38% and a net margin of 22.28%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. On average, sell-side analysts predict that Grand Canyon Education Inc will post 4.89 EPS for the current year.

About Grand Canyon Education

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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