Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.9% during the third quarter, Holdings Channel.com reports. The fund owned 58,000 shares of the company’s stock after selling 1,100 shares during the quarter. Swiss National Bank’s holdings in Grand Canyon Education were worth $8,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. grew its stake in Grand Canyon Education by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company’s stock valued at $118,971,000 after acquiring an additional 11,179 shares during the period. Van Berkom & Associates Inc. boosted its stake in Grand Canyon Education by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock worth $105,908,000 after purchasing an additional 11,540 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Grand Canyon Education by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company’s stock worth $100,197,000 after purchasing an additional 12,509 shares during the last quarter. AQR Capital Management LLC boosted its stake in Grand Canyon Education by 47.7% during the 2nd quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock worth $74,452,000 after purchasing an additional 173,800 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in 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 purchasing an additional 19,577 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.

Grand Canyon Education Trading Up 0.9 %

Shares of LOPE opened at $167.88 on Tuesday. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $173.37. The firm has a 50-day moving average price of $145.18 and a 200 day moving average price of $144.06. The firm has a market capitalization of $4.89 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.38 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The firm had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Grand Canyon Education’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Robert W. Baird lifted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barrington Research lifted their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets lifted their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

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.