Grand Canyon Education, Inc. (NASDAQ:LOPE) CTO Sells $211,845.00 in Stock

Grand Canyon Education, Inc. (NASDAQ:LOPE) CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares in the company, valued at $3,202,249.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Grand Canyon Education Stock Up 1.0 %

LOPE opened at $142.78 on Monday. The stock has a market cap of $4.25 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. Grand Canyon Education, Inc. has a twelve month low of $112.38 and a twelve month high of $157.53. The company has a fifty day moving average of $145.02 and a 200-day moving average of $140.17.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company had revenue of $227.50 million for the quarter, compared to the consensus estimate of $223.56 million. During the same period in the previous year, the business earned $1.01 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barrington Research reiterated an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a research report on Friday. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.

Institutional Trading of Grand Canyon Education

Several hedge funds have recently modified their holdings of LOPE. Values First Advisors Inc. acquired a new stake in Grand Canyon Education in the second quarter worth $1,961,000. Cetera Investment Advisers bought a new position in shares of Grand Canyon Education during the 1st quarter worth about $2,180,000. Campbell & CO Investment Adviser LLC grew its stake in shares of Grand Canyon Education by 161.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 18,233 shares of the company’s stock valued at $2,407,000 after buying an additional 11,251 shares during the period. Wasatch Advisors LP increased its position in Grand Canyon Education by 9.4% in the 1st quarter. Wasatch Advisors LP now owns 463,083 shares of the company’s stock valued at $63,077,000 after buying an additional 39,743 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Grand Canyon Education by 7.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 66,719 shares of the company’s stock worth $8,865,000 after buying an additional 4,388 shares during the period. Institutional investors own 94.17% of the company’s stock.

About Grand Canyon Education

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.