Grand Canyon Education, Inc. (NASDAQ:LOPE) CTO Dilek Marsh Sells 1,500 Shares of Stock

Grand Canyon Education, Inc. (NASDAQ:LOPE) CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Grand Canyon Education Stock Performance

Shares of LOPE stock opened at $160.31 on Friday. The firm’s 50 day moving average price is $155.22 and its two-hundred day moving average price is $146.89. Grand Canyon Education, Inc. has a 52-week low of $118.48 and a 52-week high of $173.37. The stock has a market cap of $4.67 billion, a PE ratio of 21.07, a PEG ratio of 1.41 and a beta of 0.76.

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

Institutional Investors Weigh In On Grand Canyon Education

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Grand Canyon Education during the second quarter worth $437,000. Blue Trust Inc. boosted its stake in shares of Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the last quarter. Raymond James & Associates raised its holdings in Grand Canyon Education by 0.5% during the second quarter. Raymond James & Associates now owns 60,258 shares of the company’s stock worth $8,431,000 after acquiring an additional 287 shares in the last quarter. Capital Insight Partners LLC boosted its position in Grand Canyon Education by 2.5% during the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock valued at $592,000 after purchasing an additional 105 shares during the last quarter. Finally, Calamos Advisors LLC bought a new position in shares of Grand Canyon Education in the 2nd quarter valued at about $225,000. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

LOPE has been the subject of a number of recent research reports. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets boosted their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Barrington Research increased their price objective on shares of 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 Company 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.