Skandinaviska Enskilda Banken AB publ Acquires 7,300 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Skandinaviska Enskilda Banken AB publ lifted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 60.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,300 shares of the company's stock after acquiring an additional 7,300 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.07% of Grand Canyon Education worth $3,156,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LOPE. FMR LLC raised its position in shares of Grand Canyon Education by 12.0% in the third quarter. FMR LLC now owns 1,323,406 shares of the company's stock worth $187,725,000 after buying an additional 141,648 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Grand Canyon Education by 15.4% in the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock worth $72,878,000 after buying an additional 68,579 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Grand Canyon Education in the fourth quarter worth $10,262,000. Weiss Asset Management LP purchased a new stake in shares of Grand Canyon Education in the third quarter worth $4,942,000. Finally, Erste Asset Management GmbH purchased a new stake in shares of Grand Canyon Education in the third quarter worth $4,833,000. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Trading Down 0.2 %

Shares of NASDAQ:LOPE traded down $0.38 on Thursday, reaching $170.10. 142,179 shares of the company traded hands, compared to its average volume of 165,197. The business's 50-day simple moving average is $174.78 and its 200 day simple moving average is $159.65. Grand Canyon Education, Inc. has a 52 week low of $126.17 and a 52 week high of $192.18. The stock has a market capitalization of $4.89 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78.

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Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.95 earnings per share (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 for the quarter, compared to analysts' expectations of $289.62 million. Sell-side analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barrington Research increased their price objective on Grand Canyon Education from $180.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. BMO Capital Markets raised their price target 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. Finally, StockNews.com upgraded Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

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.