Norges Bank Buys New Position in Grand Canyon Education, Inc. $LOPE

Norges Bank bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 372,308 shares of the company’s stock, valued at approximately $61,919,000. Norges Bank owned approximately 1.33% of Grand Canyon Education as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Grand Canyon Education by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Grand Canyon Education by 1.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,475 shares of the company’s stock valued at $1,421,000 after buying an additional 65 shares during the last quarter. Burney Co. increased its stake in Grand Canyon Education by 1.8% in the 4th quarter. Burney Co. now owns 3,873 shares of the company’s stock valued at $644,000 after buying an additional 68 shares during the last quarter. NewEdge Advisors LLC lifted its position in Grand Canyon Education by 2.5% during the 3rd quarter. NewEdge Advisors LLC now owns 3,069 shares of the company’s stock worth $674,000 after buying an additional 76 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Grand Canyon Education by 0.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 10,364 shares of the company’s stock worth $2,275,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 1.2%

NASDAQ LOPE opened at $152.57 on Friday. The firm has a market capitalization of $4.04 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.56. The firm’s fifty day moving average price is $163.81 and its two-hundred day moving average price is $164.77. Grand Canyon Education, Inc. has a 1 year low of $145.00 and a 1 year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.08. The company had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 EPS. On average, research analysts anticipate that Grand Canyon Education, Inc. will post 10.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a report on Thursday. Finally, Barrington Research reissued an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.