Daiwa Securities Group Inc. Grows Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Daiwa Securities Group Inc. boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 497 shares of the company’s stock after acquiring an additional 145 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Grand Canyon Education were worth $66,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Grand Canyon Education by 10.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,612 shares of the company’s stock valued at $873,000 after purchasing an additional 607 shares during the last quarter. Wealth Alliance grew its holdings in Grand Canyon Education by 3.9% in the fourth quarter. Wealth Alliance now owns 2,277 shares of the company’s stock valued at $301,000 after purchasing an additional 85 shares during the last quarter. DGS Capital Management LLC grew its holdings in Grand Canyon Education by 7.3% in the fourth quarter. DGS Capital Management LLC now owns 2,942 shares of the company’s stock valued at $388,000 after purchasing an additional 201 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Grand Canyon Education in the fourth quarter valued at $335,000. Finally, Lecap Asset Management Ltd. acquired a new stake in Grand Canyon Education in the fourth quarter valued at $461,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $131.98 on Friday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.13 and a beta of 0.59. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $144.94. The stock’s fifty day moving average is $132.51 and its two-hundred day moving average is $131.29.

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

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction 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 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and issued a $160.00 target price on shares of Grand Canyon Education in a report 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.