Zurcher Kantonalbank Zurich Cantonalbank Has $873,000 Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 10.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,612 shares of the company’s stock after acquiring an additional 607 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Grand Canyon Education were worth $873,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its position in shares of Grand Canyon Education by 98.4% in the 3rd quarter. CWM LLC now owns 373 shares of the company’s stock worth $44,000 after purchasing an additional 185 shares during the last quarter. Blue Trust Inc. boosted its holdings in Grand Canyon Education by 120.2% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after buying an additional 232 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Grand Canyon Education by 208.6% during the 4th 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 stake in shares of Grand Canyon Education by 15.2% in the 3rd 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 raised its position in shares of Grand Canyon Education by 14.0% in the 3rd 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 period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $131.98 on Monday. The business’s 50-day simple moving average is $132.51 and its 200-day simple moving average is $131.40. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $144.94. The stock has a market capitalization of $3.96 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.59.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.05. The company had revenue of $278.28 million during the quarter, compared to analysts’ expectations of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. On average, research analysts expect that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current year.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the sale, the chief technology officer now owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reiterated 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.