Dupont Capital Management Corp bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,614 shares of the company’s stock, valued at approximately $328,000.
Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its position in Grand Canyon Education by 586.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock valued at $112,000 after purchasing an additional 1,225 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Grand Canyon Education by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after purchasing an additional 139 shares during the period. CAPROCK Group Inc. acquired a new stake in Grand Canyon Education during the 3rd quarter valued at approximately $225,000. Parametrica Management Ltd acquired a new stake in Grand Canyon Education during the 3rd quarter valued at approximately $227,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Grand Canyon Education during the 2nd quarter valued at approximately $227,000. 96.35% of the stock is owned by institutional investors and hedge funds.
LOPE has been the topic of a number of research analyst reports. ValuEngine cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Piper Jaffray Companies increased their price target on Grand Canyon Education from $83.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of Grand Canyon Education in a report on Monday, September 18th. Finally, BidaskClub upgraded Grand Canyon Education from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $97.40.
Grand Canyon Education, Inc. (NASDAQ LOPE) opened at $91.22 on Monday. Grand Canyon Education, Inc. has a twelve month low of $50.44 and a twelve month high of $95.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $4,389.58, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.80 and a beta of 1.34.
Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The company had revenue of $236.21 million for the quarter, compared to analysts’ expectations of $231.43 million. During the same period last year, the business earned $0.62 EPS. Grand Canyon Education’s quarterly revenue was up 12.2% compared to the same quarter last year. analysts predict that Grand Canyon Education, Inc. will post 3.9 earnings per share for the current year.
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Grand Canyon Education Company Profile
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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