Swiss National Bank Decreases Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Swiss National Bank cut its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,000 shares of the company’s stock after selling 1,100 shares during the period. Swiss National Bank owned 0.20% of Grand Canyon Education worth $8,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in shares of Grand Canyon Education by 47.7% during the second quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock worth $74,452,000 after buying an additional 173,800 shares during the period. Renaissance Technologies LLC grew its stake in Grand Canyon Education by 41.0% during the 2nd quarter. Renaissance Technologies LLC now owns 285,057 shares of the company’s stock valued at $39,882,000 after purchasing an additional 82,855 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Grand Canyon Education by 89.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company’s stock valued at $24,215,000 after purchasing an additional 81,853 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Grand Canyon Education by 42.3% in the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company’s stock worth $30,833,000 after purchasing an additional 65,518 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Grand Canyon Education by 1,481.8% during the second quarter. Cubist Systematic Strategies LLC now owns 64,821 shares of the company’s stock worth $9,069,000 after purchasing an additional 60,723 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The trade was a 6.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Grand Canyon Education Trading Up 0.9 %

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

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