BNP Paribas Financial Markets Has $1.80 Million Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

BNP Paribas Financial Markets lowered its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 45.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,688 shares of the company's stock after selling 10,506 shares during the period. BNP Paribas Financial Markets' holdings in Grand Canyon Education were worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOPE. Cetera Investment Advisers bought a new position in shares of Grand Canyon Education in the 1st quarter valued at about $2,180,000. CWM LLC increased its position in shares of Grand Canyon Education by 43.2% during the 2nd quarter. CWM LLC now owns 4,107 shares of the company's stock worth $575,000 after purchasing an additional 1,239 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Grand Canyon Education by 450.7% during the 2nd quarter. SG Americas Securities LLC now owns 17,578 shares of the company's stock worth $2,459,000 after purchasing an additional 14,386 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Grand Canyon Education in the 2nd quarter valued at approximately $437,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Grand Canyon Education by 42.3% in the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company's stock valued at $30,833,000 after buying an additional 65,518 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now directly owns 22,674 shares in the company, valued at approximately $3,202,249.02. This represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on LOPE shares. Barrington Research upped their price target on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th. BMO Capital Markets lifted their price target on Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, 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 research report on Thursday, November 7th.

Grand Canyon Education Price Performance

LOPE stock traded down $2.01 during midday trading on Friday, reaching $167.79. 99,938 shares of the company were exchanged, compared to its average volume of 233,381. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76. The business has a 50-day moving average price of $149.52 and a two-hundred day moving average price of $145.38. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $173.37.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. Grand Canyon Education's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal 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.