Grand Canyon Education Inc (NASDAQ:LOPE) insider Dilek Marsh sold 1,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $126.83, for a total value of $126,830.00. Following the completion of the transaction, the insider now owns 26,624 shares of the company’s stock, valued at $3,376,721.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ LOPE traded down $4.85 during trading on Tuesday, reaching $109.62. The company had a trading volume of 715,312 shares, compared to its average volume of 356,967. Grand Canyon Education Inc has a 12 month low of $90.67 and a 12 month high of $132.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market cap of $5.44 billion, a P/E ratio of 21.54, a PEG ratio of 1.38 and a beta of 0.74. The company’s fifty day moving average price is $123.04 and its 200-day moving average price is $119.57.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.15. The company had revenue of $174.82 million for the quarter, compared to analyst estimates of $173.40 million. Grand Canyon Education had a return on equity of 21.06% and a net margin of 33.14%. The firm’s quarterly revenue was down 26.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 earnings per share. As a group, equities analysts predict that Grand Canyon Education Inc will post 5.39 earnings per share for the current year.
Several analysts have recently weighed in on the company. Robert W. Baird set a $145.00 price target on Grand Canyon Education and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Barrington Research lifted their target price on shares of Grand Canyon Education from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Friday, August 9th. Finally, BidaskClub downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $139.25.
Hedge funds and other institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc lifted its stake in shares of Grand Canyon Education by 9.1% in the 2nd quarter. NEXT Financial Group Inc now owns 1,193 shares of the company’s stock valued at $139,000 after purchasing an additional 100 shares during the period. SG Americas Securities LLC increased its holdings in Grand Canyon Education by 0.9% in the first quarter. SG Americas Securities LLC now owns 11,418 shares of the company’s stock worth $1,307,000 after purchasing an additional 102 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Grand Canyon Education by 2.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,797 shares of the company’s stock worth $447,000 after purchasing an additional 104 shares in the last quarter. First Hawaiian Bank increased its holdings in Grand Canyon Education by 1.6% in the second quarter. First Hawaiian Bank now owns 6,803 shares of the company’s stock worth $796,000 after purchasing an additional 108 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Grand Canyon Education by 15.6% in the second quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock valued at $96,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.
About Grand Canyon Education
Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.
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