Grand Canyon Education, Inc. (NASDAQ:LOPE) CTO Sells $211,845.00 in Stock

Grand Canyon Education, Inc. (NASDAQ:LOPE) 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 transaction, 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 legal filing with the SEC, which is available at this hyperlink.

Grand Canyon Education Trading Up 1.0 %

Shares of LOPE opened at $142.78 on Monday. Grand Canyon Education, Inc. has a 12 month low of $112.38 and a 12 month high of $157.53. The firm’s 50 day moving average is $145.02 and its 200-day moving average is $140.17. The stock has a market capitalization of $4.25 billion, a PE ratio of 19.97, a P/E/G ratio of 1.16 and a beta of 0.69.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LOPE. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Barrington Research reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Grand Canyon Education in a report on Friday. Finally, BMO Capital Markets lifted their target price on Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

Institutional Investors Weigh In On Grand Canyon Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in LOPE. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Grand Canyon Education during the 2nd quarter worth $131,000. Sanctuary Advisors LLC bought a new position in shares of Grand Canyon Education in the second quarter worth about $300,000. Aristides Capital LLC bought a new position in shares of Grand Canyon Education in the second quarter worth about $206,000. Cetera Investment Advisers boosted its stake in shares of Grand Canyon Education by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 16,261 shares of the company’s stock valued at $2,275,000 after purchasing an additional 255 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Grand Canyon Education during the 2nd quarter valued at approximately $109,000. 94.17% of the stock is currently owned by institutional investors.

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.