Allianz Asset Management GmbH Cuts Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Allianz Asset Management GmbH trimmed its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,983 shares of the company’s stock after selling 24,121 shares during the quarter. Allianz Asset Management GmbH owned about 0.74% of Grand Canyon Education worth $35,214,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LOPE. Wealth Enhancement Advisory Services LLC raised its holdings in Grand Canyon Education by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock valued at $692,000 after buying an additional 63 shares during the period. DGS Capital Management LLC raised its stake in Grand Canyon Education by 1.5% in the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after buying an additional 67 shares in the last quarter. Barclays PLC lifted its stake in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock worth $2,692,000 after purchasing an additional 84 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Grand Canyon Education by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock valued at $814,000 after buying an additional 91 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Grand Canyon Education by 22.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock valued at $88,000 after acquiring an additional 99 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday. Barrington Research boosted their price objective on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird raised their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Grand Canyon Education Trading Down 3.0 %

NASDAQ LOPE opened at $181.70 on Monday. Grand Canyon Education, Inc. has a twelve month low of $126.17 and a twelve month high of $192.18. The business’s 50-day moving average price is $171.04 and its 200 day moving average price is $155.79. The company has a market capitalization of $5.22 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Equities analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.