Synovus Financial Corp Acquires 184 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Synovus Financial Corp grew its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,393 shares of the company’s stock after buying an additional 184 shares during the quarter. Synovus Financial Corp’s holdings in Grand Canyon Education were worth $339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LOPE. Reston Wealth Management LLC bought a new stake in Grand Canyon Education in the 3rd quarter valued at $28,000. True Wealth Design LLC acquired a new stake in shares of Grand Canyon Education in the 3rd quarter valued at about $31,000. Capital Performance Advisors LLP bought a new stake in shares of Grand Canyon Education in the third quarter valued at about $60,000. Blue Trust Inc. boosted its position in shares of Grand Canyon Education by 710.7% during the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Grand Canyon Education during the third quarter worth about $86,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 3.4 %

Grand Canyon Education stock opened at $160.54 on Thursday. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 1.41 and a beta of 0.76. Grand Canyon Education, Inc. has a 12 month low of $118.48 and a 12 month high of $173.37. The stock’s 50 day moving average is $154.06 and its 200-day moving average is $146.66.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. Grand Canyon Education’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts predict that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird raised their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Barrington Research upped their target price on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

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.