Grand Canyon Education Inc (NASDAQ:LOPE) Insider Sells $252,400.00 in Stock

Grand Canyon Education Inc (NASDAQ:LOPE) insider Joseph N. Mildenhall sold 2,000 shares of Grand Canyon Education stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $126.20, for a total value of $252,400.00. Following the completion of the transaction, the insider now owns 58,809 shares in the company, valued at $7,421,695.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of LOPE stock opened at $127.45 on Friday. Grand Canyon Education Inc has a 1-year low of $90.67 and a 1-year high of $130.10. The stock’s fifty day moving average price is $121.45 and its 200 day moving average price is $116.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, August 6th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.15. Grand Canyon Education had a return on equity of 21.06% and a net margin of 33.14%. The firm had revenue of $174.82 million for the quarter, compared to the consensus estimate of $173.40 million. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue for the quarter was down 26.2% on a year-over-year basis. As a group, equities research analysts anticipate that Grand Canyon Education Inc will post 5.39 earnings per share for the current year.

A number of brokerages have recently issued reports on LOPE. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a report on Friday, August 9th. Barrington Research boosted their target price on Grand Canyon Education from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird set a $145.00 target price on Grand Canyon Education and gave the stock a “buy” rating in a research note on Wednesday, July 31st. ValuEngine downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BidaskClub upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Grand Canyon Education presently has a consensus rating of “Buy” and an average price target of $139.25.

A number of hedge funds have recently made changes to their positions in LOPE. Point72 Asset Management L.P. purchased a new stake in Grand Canyon Education during the 2nd quarter valued at about $35,000. Icon Wealth Partners LLC purchased a new stake in Grand Canyon Education during the 1st quarter valued at about $63,000. Daiwa Securities Group Inc. grew its stake in Grand Canyon Education by 48.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 610 shares of the company’s stock valued at $70,000 after purchasing an additional 200 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Grand Canyon Education by 350.3% during the 1st quarter. Quadrant Capital Group LLC now owns 680 shares of the company’s stock valued at $76,000 after purchasing an additional 529 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Grand Canyon Education during the 1st quarter valued at about $77,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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