Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 96.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,760 shares of the company's stock after selling 160,875 shares during the quarter. Handelsbanken Fonder AB's holdings in Grand Canyon Education were worth $893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in Grand Canyon Education by 98.4% during the 3rd quarter. CWM LLC now owns 373 shares of the company's stock valued at $44,000 after buying an additional 185 shares in the last quarter. Blue Trust Inc. lifted its stake in Grand Canyon Education by 120.2% in the 4th quarter. Blue Trust Inc. now owns 425 shares of the company's stock worth $56,000 after purchasing an additional 232 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Grand Canyon Education by 208.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company's stock valued at $57,000 after purchasing an additional 290 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Grand Canyon Education by 41.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company's stock valued at $66,000 after purchasing an additional 145 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Grand Canyon Education by 15.2% in the third quarter. Signaturefd LLC now owns 1,075 shares of the company's stock worth $126,000 after buying an additional 142 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares of the company's stock, valued at $3,405,656.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Grand Canyon Education Stock Performance

LOPE traded down $2.21 on Tuesday, reaching $130.02. The company had a trading volume of 209,738 shares, compared to its average volume of 198,205. Grand Canyon Education, Inc. has a 52-week low of $99.65 and a 52-week high of $144.94. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.15 and a beta of 0.59. The business has a 50 day simple moving average of $132.57 and a 200 day simple moving average of $131.61.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.05. The business had revenue of $278.28 million during the quarter, compared to analyst estimates of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. As a group, equities research analysts predict that Grand Canyon Education, Inc. will post 7.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and issued a $160.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 18th.

Grand Canyon Education 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.