Grand Canyon Education, Inc. (NASDAQ:LOPE) Director Lisa Graham Keegan Sells 270 Shares

Grand Canyon Education, Inc. (NASDAQ:LOPE - Get Free Report) Director Lisa Graham Keegan sold 270 shares of the firm's 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 transaction, the director now owns 2,635 shares in the company, valued at approximately $389,874.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Grand Canyon Education Stock Performance

Shares of NASDAQ:LOPE traded down $2.44 during midday trading on Tuesday, hitting $144.50. The company's stock had a trading volume of 382,172 shares, compared to its average volume of 205,592. The stock's 50 day simple moving average is $134.06 and its 200 day simple moving average is $133.20. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.27 and a beta of 0.60. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $156.56.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share 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 the consensus estimate of $272.42 million. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 EPS. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 7.8 EPS for the current year.

Analyst Ratings Changes

LOPE has been the topic of several recent research reports. Robert W. Baird raised their target price on Grand Canyon Education from $165.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, May 8th. Barrington Research raised their price objective on Grand Canyon Education from $160.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, May 8th. Finally, BMO Capital Markets upped their target price on Grand Canyon Education from $150.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 8th.

Hedge Funds Weigh In On Grand Canyon Education

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alaska Permanent Fund Corp increased its holdings in shares of Grand Canyon Education by 8.3% during the 4th quarter. Alaska Permanent Fund Corp now owns 86,044 shares of the company's stock worth $11,361,000 after purchasing an additional 6,598 shares during the period. Treasurer of the State of North Carolina increased its stake in Grand Canyon Education by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company's stock valued at $2,226,000 after acquiring an additional 85 shares during the period. International Assets Investment Management LLC acquired a new position in Grand Canyon Education in the 4th quarter valued at approximately $2,789,000. Dark Forest Capital Management LP bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth approximately $592,000. Finally, Sei Investments Co. grew its holdings in shares of Grand Canyon Education by 7.8% during the 3rd quarter. Sei Investments Co. now owns 168,209 shares of the company's stock worth $19,660,000 after purchasing an additional 12,125 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

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.

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