Xponance Inc. trimmed its position in Grand Canyon Education, Inc. (NASDAQ: LOPE – Get Rating) by 2.6% during the first quarter, HoldingsChannel reports. The company held 4,322 shares of the company after selling 116 shares during the period. Xponance Inc.’s holdings in Grand Canyon Education were worth $420,000 at the end of the last quarter.
Other big investors have also been buying and selling shares of the company recently. Wedbush Securities Inc. purchased a new equity stake in Grand Canyon Education in Q1 for $216,000. Aviva PLC increased its stake in Grand Canyon Education by 67.3% during the fourth quarter. Aviva PLC now owns 31,681 shares in the company worth $2,715,000 after acquiring an additional 12,742 shares last quarter. American Century Companies Inc. increased its stake in Grand Canyon Education by 174.3% during the fourth quarter. American Century Companies Inc. now owns 85,810 shares of the company worth $7,355,000 after acquiring an additional 54,522 shares last quarter. State of New Jersey Common Pension Fund D increased its stake in Grand Canyon Education by 15.3% during the fourth quarter. New Jersey State Joint Pension Fund D now owns 36,194 shares of the company worth $3,102,000 after acquiring 4,795 additional shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Grand Canyon Education during the fourth quarter at a value of $440,000. 91.04% of the shares are currently held by institutional investors.
Several research analysts have recently published reports on LOPE shares. TheStreet downgraded shares of Grand Canyon Education from a “c+” rating to a “b” rating in a Tuesday, April 5 research note. Barrington Research raised its price target on Grand Canyon Education shares from $100.00 to $110.00 in a Thursday, May 5 report. Robert W. Baird raised his price target on Grand Canyon Education shares from $95.00 to $111.00 in a Thursday, May 5 report. Finally, StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a Wednesday, May 11 report.
LOPE opened at $90.33 on Friday. The company’s fifty-day moving average price is $90.61 and its two-hundred-day moving average price is $90.23. The company has a market capitalization of $2.92 billion, a price/earnings ratio of 15.11, a PEG ratio of 1.07 and a beta of 0.44. Grand Canyon Education, Inc. has a 1-year minimum of $70.00 and a 1-year maximum of $102.04.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last announced its results on Wednesday, May 4. The company reported EPS of $1.72 for the quarter, beating the consensus estimate of $1.70 by $0.02. The company posted revenue of $244.13 million in the quarter, versus a consensus estimate of $241.78 million. Grand Canyon Education had a net margin of 26.59% and a return on equity of 20.81%. The company’s revenue for the quarter increased 3.1% year over year. In the same quarter a year earlier, the company posted earnings per share of $1.72. On average, analysts expect Grand Canyon Education, Inc. to post earnings per share of 5.82 for the current year.
In other news, CAO Lori Browning sold 1,000 shares in a trade dated Tuesday, June 7. The shares were sold at an average price of $90.37, for a total value of $90,370.00. Following the completion of the sale, the chief accounting officer now owns 15,369 shares of the company, valued at $1,388,896.53. The sale was disclosed in a filing with the SEC, accessible via the SEC’s website. Company insiders own 1.80% of the company’s shares.
Grand Canyon Education Profile (Get an assessment)
Grand Canyon Education, Inc provides educational services to colleges and universities across the United States. The company’s technology services include learning management system, internal administration, infrastructure and support services; academic services include curriculum and curriculum, faculty and related training and development, course planning, and skills and simulation lab sites; and counseling and support services include admission, financial aid, field experience, and other counseling services.
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