Norges Bank bought a new stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 353,099 shares of the company's stock, valued at approximately $57,838,000. Norges Bank owned about 1.21% of Grand Canyon Education at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Grand Canyon Education during the fourth quarter valued at approximately $27,000. Financial Life Planners bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Grand Canyon Education during the 4th quarter valued at $59,000. Versant Capital Management Inc boosted its holdings in Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after buying an additional 167 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Grand Canyon Education by 22.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.
Grand Canyon Education Stock Down 2.7 %
Grand Canyon Education stock traded down $4.58 during midday trading on Tuesday, reaching $162.37. 385,417 shares of the stock traded hands, compared to its average volume of 177,872. The stock has a market cap of $4.66 billion, a P/E ratio of 20.98, a PEG ratio of 1.42 and a beta of 0.82. The stock's fifty day moving average is $175.65 and its 200-day moving average is $162.83. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. On average, equities analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Barrington Research upped their price target on Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, StockNews.com upgraded shares of Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.
Check Out Our Latest Research Report on Grand Canyon Education
About Grand Canyon Education
(
Free Report)
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.
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