Daiwa Securities Group Inc. Increases Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Daiwa Securities Group Inc. lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 41.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 497 shares of the company’s stock after purchasing an additional 145 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Grand Canyon Education were worth $66,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Grand Canyon Education by 98.4% in the third quarter. CWM LLC now owns 373 shares of the company’s stock valued at $44,000 after purchasing an additional 185 shares during the period. Blue Trust Inc. lifted its position in Grand Canyon Education by 120.2% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $56,000 after buying an additional 232 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Grand Canyon Education by 208.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock worth $57,000 after buying an additional 290 shares during the period. Signaturefd LLC increased its position in shares of Grand Canyon Education by 15.2% during the third quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock valued at $126,000 after acquiring an additional 142 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Grand Canyon Education by 14.0% during the third quarter. Covestor Ltd now owns 1,181 shares of the company’s stock valued at $138,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Up 1.6 %

Shares of NASDAQ LOPE opened at $131.98 on Friday. The stock has a market capitalization of $3.96 billion, a PE ratio of 19.41, a PEG ratio of 1.13 and a beta of 0.59. Grand Canyon Education, Inc. has a twelve month low of $99.65 and a twelve month high of $144.94. The stock has a fifty day simple moving average of $132.51 and a 200-day simple moving average of $131.29.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.05. The company had revenue of $278.28 million for 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%. On average, equities analysts predict that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current year.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Grand Canyon Education in a research report on Thursday, April 18th.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the sale, the chief technology officer now directly owns 25,674 shares in the company, valued at $3,405,656.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

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.