Skandinaviska Enskilda Banken AB publ Boosts Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Skandinaviska Enskilda Banken AB publ boosted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 60.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,300 shares of the company’s stock after purchasing an additional 7,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Grand Canyon Education were worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of LOPE. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Grand Canyon Education during the 3rd quarter worth $1,867,000. Thrivent Financial for Lutherans lifted its holdings in shares of Grand Canyon Education by 4.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after acquiring an additional 19,577 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Grand Canyon Education by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock worth $352,000 after acquiring an additional 209 shares during the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock worth $1,307,000 after acquiring an additional 4,901 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of Grand Canyon Education during the 4th quarter worth $255,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOPE has been the subject of several recent research reports. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $181.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Barrington Research boosted their price target on shares of Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th.

Insider Buying and Selling at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares in the company, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Trading Up 2.5 %

LOPE stock opened at $168.91 on Monday. The firm’s 50-day moving average price is $174.37 and its two-hundred day moving average price is $159.23. Grand Canyon Education, Inc. has a 12-month low of $126.17 and a 12-month high of $192.18. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.42 and a beta of 0.78.

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

Grand Canyon Education Company Profile

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.