Nomura Holdings Inc. Trims Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Nomura Holdings Inc. decreased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 46.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,874 shares of the company's stock after selling 14,586 shares during the period. Nomura Holdings Inc. owned approximately 0.06% of Grand Canyon Education worth $2,764,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in Grand Canyon Education by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock valued at $692,000 after buying an additional 63 shares during the period. Barclays PLC lifted its stake in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company's stock worth $2,692,000 after purchasing an additional 84 shares during the last quarter. NDVR Inc. lifted its stake in Grand Canyon Education by 5.1% during the fourth quarter. NDVR Inc. now owns 1,878 shares of the company's stock worth $308,000 after purchasing an additional 91 shares during the last quarter. Xponance Inc. lifted its stake in Grand Canyon Education by 2.1% during the fourth quarter. Xponance Inc. now owns 4,634 shares of the company's stock worth $759,000 after purchasing an additional 95 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Grand Canyon Education by 22.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 539 shares of the company's stock worth $88,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. BMO Capital Markets lifted their price target 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. Finally, Barrington Research lifted their price target on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th.

Grand Canyon Education Trading Up 0.9%

NASDAQ LOPE opened at $197.44 on Friday. Grand Canyon Education, Inc. has a 1-year low of $130.69 and a 1-year high of $202.28. The stock has a 50-day moving average of $177.07 and a 200-day moving average of $171.45. The firm has a market cap of $5.60 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The company had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the previous year, the company posted $2.35 EPS. Grand Canyon Education's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.