Truist Financial Corp Has $3.42 Million Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Truist Financial Corp decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 19.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,438 shares of the company’s stock after selling 5,997 shares during the quarter. Truist Financial Corp owned 0.08% of Grand Canyon Education worth $3,419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Alliance increased its stake in shares of Grand Canyon Education by 3.8% in the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock valued at $340,000 after acquiring an additional 89 shares during the last quarter. Capital Insight Partners LLC raised its holdings in Grand Canyon Education by 2.5% in the second quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock worth $592,000 after purchasing an additional 105 shares during the period. Allegheny Financial Group LTD boosted its position in shares of Grand Canyon Education by 4.3% during the second quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock worth $372,000 after purchasing an additional 109 shares in the last quarter. Riverwater Partners LLC grew its holdings in shares of Grand Canyon Education by 0.9% in the 1st quarter. Riverwater Partners LLC now owns 12,716 shares of the company’s stock valued at $1,732,000 after buying an additional 119 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Grand Canyon Education by 7.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,943 shares of the company’s stock valued at $272,000 after buying an additional 134 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

LOPE stock opened at $135.74 on Wednesday. The stock has a market capitalization of $4.04 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.21 and a beta of 0.69. Grand Canyon Education, Inc. has a fifty-two week low of $112.38 and a fifty-two week high of $157.53. The business has a 50-day moving average of $142.93 and a 200-day moving average of $140.81.

Grand Canyon Education (NASDAQ:LOPE) last issued 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. The company had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. Equities analysts expect that Grand Canyon Education, Inc. will post 7.98 EPS for the current year.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated 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 approximately $3,202,249.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LOPE. Barrington Research reissued an “outperform” rating and issued a $165.00 target price on shares of Grand Canyon Education in a research note on Friday, September 20th. BMO Capital Markets increased their target price on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday.

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.