Grand Canyon Education, Inc. (NASDAQ:LOPE) CEO Brian E. Mueller sold 29,788 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $77.12, for a total value of $2,297,250.56. Following the transaction, the chief executive officer now owns 311,312 shares of the company’s stock, valued at $24,008,381.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Grand Canyon Education, Inc. (NASDAQ:LOPE) traded up 1.41% during trading on Tuesday, hitting $77.74. The stock had a trading volume of 158,682 shares. The firm has a market cap of $3.66 billion, a P/E ratio of 22.95 and a beta of 1.49. Grand Canyon Education, Inc. has a 52-week low of $39.07 and a 52-week high of $83.00. The company has a 50-day moving average of $78.80 and a 200 day moving average of $68.24.

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, beating the Zacks’ consensus estimate of $1.01 by $0.11. The firm had revenue of $248.20 million during the quarter, compared to analyst estimates of $244.64 million. Grand Canyon Education had a return on equity of 21.53% and a net margin of 17.97%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. On average, equities research analysts predict that Grand Canyon Education, Inc. will post $3.66 earnings per share for the current fiscal year.

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Several research firms recently commented on LOPE. Zacks Investment Research cut Grand Canyon Education from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research report on Wednesday, June 21st. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Barrington Research upped their price objective on Grand Canyon Education from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Grand Canyon Education currently has an average rating of “Buy” and a consensus target price of $77.75.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covenant Asset Management LLC raised its position in shares of Grand Canyon Education by 2.9% in the second quarter. Covenant Asset Management LLC now owns 17,827 shares of the company’s stock worth $1,398,000 after buying an additional 495 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Grand Canyon Education during the second quarter worth $227,000. Goldman Sachs Group Inc. raised its position in shares of Grand Canyon Education by 10.5% in the first quarter. Goldman Sachs Group Inc. now owns 134,479 shares of the company’s stock worth $9,630,000 after buying an additional 12,810 shares during the last quarter. Driehaus Capital Management LLC raised its position in shares of Grand Canyon Education by 34.6% in the first quarter. Driehaus Capital Management LLC now owns 46,165 shares of the company’s stock worth $3,306,000 after buying an additional 11,868 shares during the last quarter. Finally, Credit Suisse AG raised its position in shares of Grand Canyon Education by 91.0% in the first quarter. Credit Suisse AG now owns 96,522 shares of the company’s stock worth $6,911,000 after buying an additional 45,992 shares during the last quarter. Hedge funds and other institutional investors 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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