Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,832 shares of the company’s stock after selling 1,683 shares during the quarter. Amalgamated Bank owned about 0.06% of Grand Canyon Education worth $2,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of Grand Canyon Education by 14,150.0% in the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after buying an additional 283 shares during the last quarter. Blue Trust Inc. raised its holdings in Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after acquiring an additional 533 shares during the last quarter. GAMMA Investing LLC lifted its stake in Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after purchasing an additional 202 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Grand Canyon Education by 85,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after purchasing an additional 852 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Grand Canyon Education in the first quarter valued at approximately $132,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 0.2 %

NASDAQ:LOPE opened at $144.54 on Wednesday. Grand Canyon Education, Inc. has a 52 week low of $112.38 and a 52 week high of $157.53. The stock’s fifty day moving average is $144.80 and its two-hundred day moving average is $140.32. The company has a market capitalization of $4.30 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.16 and a beta of 0.69.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Barrington Research reissued an “outperform” rating and set a $165.00 price target on shares of Grand Canyon Education in a research report on Friday, September 20th. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

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.