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 company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Grand Canyon Education Stock Up 1.0 %

LOPE stock opened at $142.78 on Friday. Grand Canyon Education, Inc. has a 52-week low of $112.38 and a 52-week high of $157.53. The company’s 50-day simple moving average is $145.02 and its 200-day simple moving average is $140.08. The firm has a market cap of $4.25 billion, a P/E ratio of 19.97, a PEG ratio of 1.16 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The firm had revenue of $227.50 million during the quarter, compared to the consensus estimate of $223.56 million. During the same quarter in the prior year, the firm earned $1.01 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts anticipate that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday. Barrington Research reissued an “outperform” rating and set a $165.00 target price on shares of Grand Canyon Education in a research note on Friday. Finally, BMO Capital Markets increased their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc raised its position in shares of Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 283 shares during the last quarter. Blue Trust Inc. raised its position 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 purchasing an additional 533 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after purchasing an additional 202 shares during the last quarter. Quarry LP acquired a new stake in Grand Canyon Education in the 2nd quarter valued at about $109,000. Finally, TFO Wealth Partners LLC raised its holdings in Grand Canyon Education by 85,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock valued at $113,000 after acquiring an additional 852 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Grand Canyon Education

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.