KBC Group NV Raises Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

KBC Group NV grew its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 22.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 944 shares of the company’s stock after buying an additional 170 shares during the period. KBC Group NV’s holdings in Grand Canyon Education were worth $134,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in Grand Canyon Education during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in shares of Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after buying an additional 283 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Grand Canyon Education in the 3rd quarter worth $60,000. Blue Trust Inc. boosted its holdings in Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the period. Finally, GAMMA Investing LLC increased its stake in Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after buying an additional 202 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Grand Canyon Education Trading Up 0.4 %

NASDAQ:LOPE opened at $162.11 on Friday. The business’s 50-day moving average is $144.23 and its 200 day moving average is $143.73. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37. The company has a market capitalization of $4.73 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.34 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $239.69 million. During the same period in the prior year, the firm earned $1.26 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Insider Buying and Selling 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 that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is owned by company insiders.

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.