Grand Canyon Education Inc (NASDAQ:LOPE) insider Joseph N. Mildenhall sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $115.03, for a total value of $230,060.00. Following the completion of the transaction, the insider now directly owns 64,809 shares of the company’s stock, valued at approximately $7,454,979.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ LOPE opened at $115.21 on Friday. Grand Canyon Education Inc has a 52 week low of $90.67 and a 52 week high of $130.10. The stock has a market cap of $5.54 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.99. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.
Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.13. Grand Canyon Education had a net margin of 29.80% and a return on equity of 21.50%. The firm had revenue of $197.29 million during the quarter, compared to analyst estimates of $195.60 million. During the same quarter in the prior year, the firm earned $1.52 EPS. The business’s revenue for the quarter was down 28.4% compared to the same quarter last year. Sell-side analysts forecast that Grand Canyon Education Inc will post 5.24 EPS for the current fiscal year.
Several equities research analysts have recently commented on LOPE shares. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research report on Friday, May 10th. Barrington Research reaffirmed a “buy” rating and set a $135.00 price target on shares of Grand Canyon Education in a research report on Wednesday, May 8th. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, BidaskClub raised shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $133.20.
Several large investors have recently made changes to their positions in LOPE. FMR LLC boosted its stake in Grand Canyon Education by 47.0% in the 1st quarter. FMR LLC now owns 3,493,165 shares of the company’s stock worth $400,002,000 after purchasing an additional 1,116,492 shares during the period. BlueMountain Capital Management LLC bought a new position in Grand Canyon Education in the 1st quarter worth approximately $2,709,000. HighTower Advisors LLC boosted its position in shares of Grand Canyon Education by 16.0% during the 1st quarter. HighTower Advisors LLC now owns 3,487 shares of the company’s stock valued at $396,000 after acquiring an additional 482 shares during the last quarter. RMB Capital Management LLC boosted its position in shares of Grand Canyon Education by 23.4% during the 1st quarter. RMB Capital Management LLC now owns 15,297 shares of the company’s stock valued at $1,752,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Zebra Capital Management LLC boosted its position in shares of Grand Canyon Education by 13.9% during the 1st quarter. Zebra Capital Management LLC now owns 2,706 shares of the company’s stock valued at $310,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 97.90% of the company’s stock.
Grand Canyon Education Company Profile
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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