Grand Canyon Education, Inc. $LOPE Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 29.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,885 shares of the company’s stock after selling 5,700 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Grand Canyon Education were worth $3,048,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new position in Grand Canyon Education during the third quarter worth about $29,000. Manning & Napier Advisors LLC acquired a new position in shares of Grand Canyon Education during the 3rd quarter worth approximately $32,000. True Wealth Design LLC grew its position in shares of Grand Canyon Education by 46.0% in the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after purchasing an additional 64 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Grand Canyon Education by 5,600.0% in the third quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock valued at $50,000 after purchasing an additional 224 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Grand Canyon Education during the third quarter worth approximately $55,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LOPE. Barrington Research restated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a report on Thursday. Weiss Ratings lowered shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Stock Up 1.8%

Shares of Grand Canyon Education stock opened at $157.32 on Friday. The firm has a market cap of $4.27 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.74. Grand Canyon Education, Inc. has a 52 week low of $149.37 and a 52 week high of $223.04. The business’s fifty day simple moving average is $169.52 and its 200-day simple moving average is $184.39.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.02. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The firm had revenue of $308.12 million for the quarter, compared to analyst estimates of $307.92 million. During the same period in the previous year, the firm earned $2.95 EPS. Grand Canyon Education’s revenue was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.