J. Safra Sarasin Holding AG Sells 1,194 Shares of Grand Canyon Education, Inc. $LOPE

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 21.5%, selling 1,194 shares during the second quarter, leaving them with 4,362 shares valued at $824,000.
• In the latest quarterly earnings report, Grand Canyon Education exceeded analysts' expectations by reporting $1.53 earnings per share compared to the consensus estimate of $1.37, with revenue up by 8.8% year-over-year.
• Analysts have shown positive sentiment towards Grand Canyon Education, with four equities research analysts rating the stock as a Buy and an average price target of $208.67.

J. Safra Sarasin Holding AG lessened its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 21.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,362 shares of the company's stock after selling 1,194 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Grand Canyon Education were worth $824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new stake in Grand Canyon Education during the 1st quarter valued at $232,000. Convergence Financial LLC bought a new stake in Grand Canyon Education during the 1st quarter valued at $249,000. Bessemer Group Inc. boosted its position in Grand Canyon Education by 244.2% during the 1st quarter. Bessemer Group Inc. now owns 716 shares of the company's stock valued at $124,000 after acquiring an additional 508 shares in the last quarter. Informed Momentum Co LLC bought a new stake in Grand Canyon Education during the 1st quarter valued at $3,721,000. Finally, Voya Investment Management LLC boosted its position in Grand Canyon Education by 25.0% during the 1st quarter. Voya Investment Management LLC now owns 59,459 shares of the company's stock valued at $10,288,000 after acquiring an additional 11,908 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Performance

Shares of LOPE opened at $217.24 on Friday. The business's 50-day moving average is $200.22 and its two-hundred day moving average is $188.20. The company has a market capitalization of $6.10 billion, a P/E ratio of 26.30, a P/E/G ratio of 1.60 and a beta of 0.76. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $220.79.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.16. The company had revenue of $247.50 million for the quarter, compared to the consensus estimate of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. Analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Upgrades and Downgrades

LOPE has been the topic of several recent research reports. Wall Street Zen raised Grand Canyon Education from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. BMO Capital Markets decreased their price objective on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Barrington Research reiterated an "outperform" rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Grand Canyon Education in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $208.67.

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.

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