Grand Canyon Education, Inc. $LOPE Shares Sold by Danske Bank A S

Danske Bank A S trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 95.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 300 shares of the company’s stock after selling 5,702 shares during the quarter. Danske Bank A S’s holdings in Grand Canyon Education were worth $50,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in Grand Canyon Education by 4,339.5% in the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock valued at $330,000 after purchasing an additional 1,866 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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 purchasing an additional 15,019 shares during the last quarter. Empowered Funds LLC raised its position in shares of Grand Canyon Education by 2.1% in the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after purchasing an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Grand Canyon Education by 7.3% in 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 valued at $21,318,000 after purchasing an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Grand Canyon Education by 156.9% during the 1st quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after buying an additional 22,812 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

LOPE has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Grand Canyon Education Trading Up 1.0%

Shares of NASDAQ:LOPE opened at $166.09 on Friday. The firm’s 50 day moving average is $167.04 and its two-hundred day moving average is $169.83. The firm has a market capitalization of $4.40 billion, a P/E ratio of 20.76, a PEG ratio of 1.07 and a beta of 0.62. Grand Canyon Education, Inc. has a 52 week low of $149.37 and a 52 week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same period in the previous year, the firm posted $2.57 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Analysts predict that Grand Canyon Education, Inc. will post 10.22 EPS for the current year.

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.