Grand Canyon Education Inc (NASDAQ:LOPE) CFO Daniel E. Bachus sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $117.19, for a total transaction of $1,171,900.00. Following the completion of the sale, the chief financial officer now directly owns 104,669 shares in the company, valued at approximately $12,266,160.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of LOPE stock traded down $0.09 during trading hours on Wednesday, reaching $114.96. 2,562 shares of the company were exchanged, compared to its average volume of 410,113. Grand Canyon Education Inc has a fifty-two week low of $90.67 and a fifty-two week high of $130.10. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.43 and a beta of 0.96. The company has a current ratio of 3.84, a quick ratio of 4.65 and a debt-to-equity ratio of 0.02.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 20th. The company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.14. Grand Canyon Education had a net margin of 27.09% and a return on equity of 22.16%. The business had revenue of $177.54 million for the quarter, compared to analyst estimates of $175.25 million. During the same period in the prior year, the business posted $1.41 earnings per share. Grand Canyon Education’s revenue was down 34.6% compared to the same quarter last year. On average, equities research analysts forecast that Grand Canyon Education Inc will post 5.12 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. lifted its holdings in Grand Canyon Education by 29.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 668 shares of the company’s stock valued at $64,000 after buying an additional 150 shares during the period. Pendal Group Ltd increased its stake in Grand Canyon Education by 3.4% in the fourth quarter. Pendal Group Ltd now owns 4,825 shares of the company’s stock valued at $464,000 after purchasing an additional 157 shares in the last quarter. Brown Advisory Inc. increased its stake in Grand Canyon Education by 4.0% in the fourth quarter. Brown Advisory Inc. now owns 4,141 shares of the company’s stock valued at $398,000 after purchasing an additional 160 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Grand Canyon Education by 8.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,446 shares of the company’s stock valued at $235,000 after purchasing an additional 192 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Grand Canyon Education by 7.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the company’s stock valued at $307,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.
Several analysts have weighed in on LOPE shares. ValuEngine cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. BMO Capital Markets upped their price objective on shares of Grand Canyon Education to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 22nd. BidaskClub raised shares of Grand Canyon Education from a “strong sell” rating to a “sell” rating in a research note on Friday, February 22nd. Finally, Barrington Research reaffirmed a “buy” rating and set a $135.00 price objective on shares of Grand Canyon Education in a research note on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $133.80.
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Grand Canyon Education Company Profile
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
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