Skandinaviska Enskilda Banken AB publ Has $3.16 Million 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% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,300 shares of the company’s stock after purchasing an additional 7,300 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.07% of Grand Canyon Education worth $3,156,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Grand Canyon Education in the 4th quarter worth about $27,000. True Wealth Design LLC bought a new stake in Grand Canyon Education in the 3rd quarter worth about $31,000. Financial Life Planners bought a new stake in Grand Canyon Education in the 4th quarter worth about $37,000. Versant Capital Management Inc grew its position in Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after purchasing an additional 167 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Grand Canyon Education by 22.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 539 shares of the company’s stock worth $88,000 after purchasing an additional 99 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

Grand Canyon Education Trading Up 2.5 %

LOPE opened at $168.91 on Monday. The company has a 50 day moving average of $174.37 and a 200 day moving average of $159.23. The company has a market cap of $4.85 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18.

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 the consensus estimate of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LOPE shares. BMO Capital Markets increased their target price on shares of Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Barrington Research increased their target price on shares of Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

Grand Canyon Education 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.