The Manufacturers Life Insurance Company Sells 1,121 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

The Manufacturers Life Insurance Company decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,067 shares of the company’s stock after selling 1,121 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Grand Canyon Education worth $3,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC purchased a new position in shares of Grand Canyon Education during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in Grand Canyon Education in the 3rd quarter valued at about $60,000. Blue Trust Inc. lifted its holdings in Grand Canyon Education by 710.7% during the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after purchasing an additional 533 shares during the last quarter. Quarry LP purchased a new stake in Grand Canyon Education during the second quarter valued at about $109,000. Finally, GAMMA Investing LLC boosted its position in Grand Canyon Education by 19.8% during the third quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock worth $109,000 after purchasing an additional 127 shares during the period. 94.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The trade was a 6.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Trading Down 1.2 %

Grand Canyon Education stock opened at $167.79 on Friday. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37. The firm has a market capitalization of $4.89 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76. The firm’s 50 day simple moving average is $149.52 and its 200 day simple moving average is $145.38.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The firm had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. During the same period in the previous year, the business earned $1.26 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on LOPE shares. Robert W. Baird boosted their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barrington Research raised their price target on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

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.