Skandinaviska Enskilda Banken AB publ Cuts Stock Position in Grand Canyon Education, Inc. $LOPE

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

Several other institutional investors also recently bought and sold shares of LOPE. NewEdge Advisors LLC lifted its position in shares of Grand Canyon Education by 4,339.5% during the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock worth $330,000 after purchasing an additional 1,866 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Grand Canyon Education by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock worth $19,985,000 after buying an additional 15,019 shares during the period. Empowered Funds LLC increased its stake in Grand Canyon Education by 2.1% during the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock worth $1,371,000 after buying an additional 161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Grand Canyon Education by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock worth $21,318,000 after buying an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Grand Canyon Education by 156.9% during the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock worth $6,462,000 after buying an additional 22,812 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Barrington Research reissued an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday. Finally, Weiss Ratings downgraded Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Grand Canyon Education presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $157.32 on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of 20.38, a PEG ratio of 1.02 and a beta of 0.74. Grand Canyon Education, Inc. has a fifty-two week low of $149.37 and a fifty-two week high of $223.04. The stock has a 50-day simple moving average of $169.52 and a 200-day simple moving average of $184.39.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.02. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The firm had revenue of $308.12 million for the quarter, compared to the consensus estimate of $307.92 million. During the same quarter last year, the business posted $2.95 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Grand Canyon Education Company Profile

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.