Commerce Bank Cuts Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Commerce Bank decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,727 shares of the company’s stock after selling 1,944 shares during the quarter. Commerce Bank’s holdings in Grand Canyon Education were worth $1,440,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Zeke Capital Advisors LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth approximately $259,000. SG Americas Securities LLC grew its position in shares of Grand Canyon Education by 49.3% during the 1st quarter. SG Americas Securities LLC now owns 9,772 shares of the company’s stock worth $1,025,000 after buying an additional 3,226 shares during the period. Atria Investments LLC grew its position in shares of Grand Canyon Education by 65.3% during the 1st quarter. Atria Investments LLC now owns 4,816 shares of the company’s stock worth $505,000 after buying an additional 1,902 shares during the period. Westpac Banking Corp grew its position in shares of Grand Canyon Education by 31.4% during the 1st quarter. Westpac Banking Corp now owns 60,900 shares of the company’s stock worth $6,390,000 after buying an additional 14,538 shares during the period. Finally, Price Capital Management Inc. acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth approximately $3,895,000. Institutional investors own 95.70% of the company’s stock.

Shares of NASDAQ LOPE opened at $110.12 on Friday. The company has a market cap of $5.27 billion, a P/E ratio of 25.11, a PEG ratio of 1.56 and a beta of 1.20. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.06. Grand Canyon Education, Inc. has a 52-week low of $107.76 and a 52-week high of $109.03.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.13. Grand Canyon Education had a net margin of 22.07% and a return on equity of 22.00%. The firm had revenue of $275.68 million for the quarter, compared to analyst estimates of $274.13 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. equities research analysts predict that Grand Canyon Education, Inc. will post 4.83 earnings per share for the current year.

Several equities research analysts have recently commented on LOPE shares. Zacks Investment Research cut shares of Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Barrington Research restated a “buy” rating and set a $115.00 price objective on shares of Grand Canyon Education in a report on Tuesday, March 6th. BidaskClub cut shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 26th. Piper Jaffray boosted their price objective on shares of Grand Canyon Education to $114.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Grand Canyon Education has an average rating of “Buy” and a consensus target price of $110.60.

Grand Canyon Education Company Profile

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.

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

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