Other large investors also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Grand Canyon Education by 90.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,706 shares of the company’s stock worth $1,251,000 after buying an additional 5,078 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Grand Canyon Education by 6.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,962 shares of the company’s stock worth $787,000 after buying an additional 347 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Grand Canyon Education by 58.4% during the 4th quarter. SG Americas Securities LLC now owns 2,458 shares of the company’s stock worth $325,000 after buying an additional 906 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Grand Canyon Education by 64.0% during the 4th quarter. Pacer Advisors Inc. now owns 7,783 shares of the company’s stock worth $1,028,000 after buying an additional 3,036 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Grand Canyon Education by 824.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 173,643 shares of the company’s stock worth $22,928,000 after buying an additional 154,858 shares during the period. 94.17% of the stock is owned by institutional investors.
Insider Activity at Grand Canyon Education
In related news, insider Kathy J. Claypatch sold 1,500 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $149.20, for a total transaction of $223,800.00. Following the completion of the transaction, the insider now directly owns 8,320 shares in the company, valued at approximately $1,241,344. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Kathy J. Claypatch sold 1,500 shares of the stock in a transaction on Friday, May 10th. The shares were 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 owns 8,320 shares in the company, valued at approximately $1,241,344. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lisa Graham Keegan sold 270 shares of the stock in a transaction on 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 owns 2,635 shares of the company’s stock, valued at approximately $389,874.60. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on LOPE. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Robert W. Baird upped their price objective on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, Barrington Research upped their price objective on shares of Grand Canyon Education from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th.
Check Out Our Latest Analysis on Grand Canyon Education
Grand Canyon Education Price Performance
NASDAQ:LOPE opened at $151.89 on Wednesday. The stock has a market cap of $4.52 billion, a P/E ratio of 21.24, a PEG ratio of 1.21 and a beta of 0.66. Grand Canyon Education, Inc. has a one year low of $106.51 and a one year high of $156.56. The company has a fifty day moving average price of $142.20 and a 200 day moving average price of $134.98.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.22 by $0.13. The firm had revenue of $274.68 million during the quarter, compared to analysts’ expectations of $272.42 million. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. As a group, equities research analysts anticipate that Grand Canyon Education, Inc. will post 7.8 EPS for the current year.
Grand Canyon Education Company Profile
(Free Report)
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.
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