Swiss National Bank Sells 100 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Swiss National Bank reduced its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 57,900 shares of the company’s stock after selling 100 shares during the quarter. Swiss National Bank’s holdings in Grand Canyon Education were worth $9,484,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC increased its stake in Grand Canyon Education by 12.0% in the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after acquiring an additional 141,648 shares during the last quarter. State Street Corp increased its stake in Grand Canyon Education by 0.9% in the 3rd quarter. State Street Corp now owns 883,971 shares of the company’s stock worth $125,391,000 after acquiring an additional 8,159 shares during the last quarter. Wasatch Advisors LP increased its stake in Grand Canyon Education by 15.4% in the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after acquiring an additional 68,579 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Grand Canyon Education by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,642 shares of the company’s stock valued at $47,185,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of Grand Canyon Education by 1.6% during the 4th quarter. Reinhart Partners LLC. now owns 330,946 shares of the company’s stock valued at $54,209,000 after purchasing an additional 5,339 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on LOPE shares. Barrington Research increased their price objective on Grand Canyon Education from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets increased their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 21st.

Grand Canyon Education Price Performance

Shares of LOPE stock opened at $168.82 on Friday. The stock has a market capitalization of $4.85 billion, a PE ratio of 21.81, a P/E/G ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 1-year low of $126.17 and a 1-year high of $192.18. The business has a 50-day moving average of $175.06 and a 200 day moving average of $159.89.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to analysts’ expectations of $289.62 million. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. Analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current 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.