Handelsbanken Fonder AB Purchases 2,100 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Handelsbanken Fonder AB boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 30.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,012 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Handelsbanken Fonder AB’s holdings in Grand Canyon Education were worth $1,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Values First Advisors Inc. purchased a new stake in shares of Grand Canyon Education during the 2nd quarter valued at $1,961,000. Cetera Investment Advisers purchased a new stake in Grand Canyon Education in the first quarter valued at about $2,180,000. Wasatch Advisors LP raised its stake in Grand Canyon Education by 9.4% in the first quarter. Wasatch Advisors LP now owns 463,083 shares of the company’s stock valued at $63,077,000 after buying an additional 39,743 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Grand Canyon Education by 7.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 66,719 shares of the company’s stock worth $8,865,000 after acquiring an additional 4,388 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Grand Canyon Education by 450.7% during the second quarter. SG Americas Securities LLC now owns 17,578 shares of the company’s stock worth $2,459,000 after acquiring an additional 14,386 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Up 1.2 %

Shares of NASDAQ LOPE opened at $133.47 on Friday. Grand Canyon Education, Inc. has a 52 week low of $112.38 and a 52 week high of $157.53. The business’s 50 day moving average price is $141.66 and its 200 day moving average price is $140.72. The firm has a market cap of $3.93 billion, a P/E ratio of 18.09, a P/E/G ratio of 1.12 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. The business had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. As a group, research analysts expect that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LOPE shares. Barrington Research reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th. BMO Capital Markets lifted their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday.

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.