Federated Investors Inc. PA raised its stake in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 45,002.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 107,345 shares of the company’s stock after purchasing an additional 107,107 shares during the period. Federated Investors Inc. PA owned 0.22% of Grand Canyon Education worth $11,981,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LOPE. Summit Trail Advisors LLC grew its holdings in Grand Canyon Education by 7,783.3% during the first quarter. Summit Trail Advisors LLC now owns 415,843 shares of the company’s stock valued at $416,000 after purchasing an additional 410,568 shares during the period. Assenagon Asset Management S.A. grew its holdings in Grand Canyon Education by 239.3% during the second quarter. Assenagon Asset Management S.A. now owns 187,508 shares of the company’s stock valued at $20,928,000 after purchasing an additional 132,242 shares during the period. Redwood Investments LLC bought a new stake in Grand Canyon Education during the second quarter valued at about $14,326,000. Acadian Asset Management LLC grew its holdings in Grand Canyon Education by 97.6% during the second quarter. Acadian Asset Management LLC now owns 222,436 shares of the company’s stock valued at $24,825,000 after purchasing an additional 109,870 shares during the period. Finally, First Quadrant L P CA grew its holdings in Grand Canyon Education by 2,869.3% during the second quarter. First Quadrant L P CA now owns 104,610 shares of the company’s stock valued at $11,676,000 after purchasing an additional 101,087 shares during the period. 94.26% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on LOPE. BidaskClub raised Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th. BMO Capital Markets boosted their price objective on Grand Canyon Education from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Robert W. Baird boosted their price objective on Grand Canyon Education from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Barrington Research boosted their price objective on Grand Canyon Education from $117.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, July 9th. Finally, Piper Jaffray Companies boosted their price objective on Grand Canyon Education from $117.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, July 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Grand Canyon Education presently has an average rating of “Buy” and an average price target of $131.00.

Shares of Grand Canyon Education stock opened at $119.49 on Wednesday. Grand Canyon Education Inc has a 52 week low of $79.23 and a 52 week high of $123.30. The stock has a market capitalization of $5.75 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The company has a current ratio of 5.73, a quick ratio of 5.73 and a debt-to-equity ratio of 0.05.

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