Chesapeake Asset Management LLC Sells 5,406 Shares of Grand Canyon Education, Inc. (LOPE)
Chesapeake Asset Management LLC decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 22.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,694 shares of the company’s stock after selling 5,406 shares during the period. Grand Canyon Education makes up 1.5% of Chesapeake Asset Management LLC’s holdings, making the stock its 25th largest position. Chesapeake Asset Management LLC’s holdings in Grand Canyon Education were worth $1,698,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of LOPE. Legal & General Group Plc increased its position in shares of Grand Canyon Education by 6.0% in the 1st quarter. Legal & General Group Plc now owns 15,896 shares of the company’s stock valued at $1,137,000 after buying an additional 894 shares in the last quarter. BlackRock Inc. increased its position in shares of Grand Canyon Education by 73,121.4% in the 1st quarter. BlackRock Inc. now owns 2,817,560 shares of the company’s stock valued at $201,765,000 after buying an additional 2,813,712 shares in the last quarter. State Street Corp boosted its stake in Grand Canyon Education by 3.5% in the 1st quarter. State Street Corp now owns 851,198 shares of the company’s stock worth $60,956,000 after purchasing an additional 28,637 shares during the period. AQR Capital Management LLC boosted its stake in Grand Canyon Education by 83.8% in the 1st quarter. AQR Capital Management LLC now owns 44,946 shares of the company’s stock worth $3,219,000 after purchasing an additional 20,486 shares during the period. Finally, Credit Suisse AG boosted its stake in Grand Canyon Education by 91.0% in the 1st quarter. Credit Suisse AG now owns 96,522 shares of the company’s stock worth $6,911,000 after purchasing an additional 45,992 shares during the period. Institutional investors own 96.35% of the company’s stock.
A number of brokerages recently weighed in on LOPE. Barrington Research reaffirmed an “outperform” rating and issued a $89.00 target price (up from $85.00) on shares of Grand Canyon Education in a research note on Tuesday, August 8th. BidaskClub lowered shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, November 3rd. Robert W. Baird upped their target price on shares of Grand Canyon Education from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $97.00 target price on shares of Grand Canyon Education in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $97.40.
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Grand Canyon Education, Inc. (LOPE) traded down $0.13 during trading on Monday, hitting $91.09. 129,271 shares of the stock were exchanged, compared to its average volume of 292,893. Grand Canyon Education, Inc. has a one year low of $50.44 and a one year high of $95.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $4,389.58, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The company had revenue of $236.21 million during the quarter, compared to the consensus estimate of $231.43 million. During the same period in the prior year, the business posted $0.62 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. analysts expect that Grand Canyon Education, Inc. will post 3.9 earnings per share for the current year.
About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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