Dilek Marsh Sells 1,500 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) 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, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $160.31 on Monday. The stock has a market capitalization of $4.67 billion, a PE ratio of 21.07, a P/E/G ratio of 1.41 and a beta of 0.76. Grand Canyon Education, Inc. has a fifty-two week low of $118.48 and a fifty-two week high of $173.37. The company has a fifty day moving average of $155.22 and a two-hundred day moving average of $146.93.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $239.69 million. During the same period in the previous year, the business earned $1.26 earnings per share. The firm’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.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Grand Canyon Education

A number of institutional investors and hedge funds have recently bought and sold shares of LOPE. Reston Wealth Management LLC purchased a new position in Grand Canyon Education in the 3rd quarter worth approximately $28,000. True Wealth Design LLC acquired a new stake in shares of Grand Canyon Education in the third quarter valued at approximately $31,000. Capital Performance Advisors LLP purchased a new position in Grand Canyon Education during the third quarter worth approximately $60,000. Wilmington Savings Fund Society FSB acquired a new position in Grand Canyon Education during the third quarter worth $86,000. Finally, Blue Trust Inc. boosted its stake in Grand Canyon Education by 710.7% during the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

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.