Grand Canyon Education, Inc. (NASDAQ:LOPE) CFO Daniel E. Bachus sold 10,128 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $77.17, for a total value of $781,577.76. Following the transaction, the chief financial officer now directly owns 115,233 shares in the company, valued at $8,892,530.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) traded up 1.41% during trading on Tuesday, reaching $77.74. The company had a trading volume of 158,682 shares. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 22.95 and a beta of 1.49. The company’s 50 day moving average is $78.80 and its 200-day moving average is $68.24. Grand Canyon Education, Inc. has a 1-year low of $39.07 and a 1-year high of $83.00.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, May 4th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $248.20 million during the quarter, compared to the consensus estimate of $244.64 million. Grand Canyon Education had a net margin of 17.97% and a return on equity of 21.53%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, equities research analysts anticipate that Grand Canyon Education, Inc. will post $3.66 earnings per share for the current year.

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Several research firms have recently weighed in on LOPE. Zacks Investment Research cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub cut Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Barrington Research increased their price target on Grand Canyon Education from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, May 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Grand Canyon Education has a consensus rating of “Buy” and a consensus price target of $77.75.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of Grand Canyon Education by 10.8% in the first quarter. Fifth Third Bancorp now owns 2,262 shares of the company’s stock worth $162,000 after buying an additional 220 shares during the period. Valley National Advisers Inc. increased its position in shares of Grand Canyon Education by 23.8% in the first quarter. Valley National Advisers Inc. now owns 2,562 shares of the company’s stock worth $183,000 after buying an additional 492 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Grand Canyon Education by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,697 shares of the company’s stock worth $193,000 after buying an additional 129 shares during the period. Affinity Investment Advisors LLC purchased a new position in shares of Grand Canyon Education during the first quarter worth $203,000. Finally, Hengehold Capital Management LLC purchased a new position in shares of Grand Canyon Education during the first quarter worth $204,000. Institutional investors and hedge funds own 97.59% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

Insider Buying and Selling by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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