Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 16.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,586 shares of the company’s stock after selling 1,070 shares during the period. Park Avenue Securities LLC’s holdings in Grand Canyon Education were worth $761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOPE. GAMMA Investing LLC acquired a new position in shares of Grand Canyon Education in the fourth quarter worth about $54,000. Blue Trust Inc. boosted its stake in shares of Grand Canyon Education by 120.2% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $56,000 after buying an additional 232 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Grand Canyon Education by 208.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock worth $57,000 after buying an additional 290 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Grand Canyon Education by 41.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock worth $66,000 after buying an additional 145 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Grand Canyon Education in the fourth quarter valued at $101,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $147.96, for a total transaction of $39,949.20. Following the completion of the transaction, the director now directly owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total transaction of $39,949.20. Following the sale, the director now owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathy J. Claypatch sold 1,500 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $149.20, for a total value of $223,800.00. Following the completion of the transaction, the insider now directly owns 8,320 shares of the company’s stock, valued at approximately $1,241,344. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LOPE shares. Robert W. Baird boosted their target price on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Barrington Research upped their price objective on Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, BMO Capital Markets lifted their target price on Grand Canyon Education from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th.

Grand Canyon Education Stock Down 0.7 %

Shares of NASDAQ:LOPE opened at $134.66 on Friday. The company has a market cap of $4.00 billion, a PE ratio of 18.83, a P/E/G ratio of 1.16 and a beta of 0.64. Grand Canyon Education, Inc. has a fifty-two week low of $100.23 and a fifty-two week high of $156.56. The firm has a 50-day simple moving average of $139.36 and a 200 day simple moving average of $134.74.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.13. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The business had revenue of $274.68 million for the quarter, compared to analysts’ expectations of $272.42 million. During the same period in the prior year, the firm earned $2.00 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that Grand Canyon Education, Inc. will post 7.8 EPS for the current fiscal year.

Grand Canyon Education 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.