Grand Canyon Education, Inc. (NASDAQ:LOPE) COO William Stan Meyer sold 20,000 shares of Grand Canyon Education stock in a transaction on Monday, July 10th. The stock was sold at an average price of $77.14, for a total transaction of $1,542,800.00. Following the sale, the chief operating officer now owns 118,459 shares in the company, valued at $9,137,927.26. The sale was disclosed in a document filed with the SEC, which is available through this link.

William Stan Meyer also recently made the following trade(s):

  • On Monday, June 12th, William Stan Meyer sold 20,000 shares of Grand Canyon Education stock. The stock was sold at an average price of $79.38, for a total transaction of $1,587,600.00.
  • On Wednesday, May 10th, William Stan Meyer sold 20,000 shares of Grand Canyon Education stock. The stock was sold at an average price of $78.25, for a total transaction of $1,565,000.00.

Shares of Grand Canyon Education, Inc. (NASDAQ LOPE) traded up 1.41% on Tuesday, reaching $77.74. 158,682 shares of the company’s stock traded hands. The company has a 50 day moving average of $78.80 and a 200-day moving average of $68.24. Grand Canyon Education, Inc. has a 52 week low of $39.07 and a 52 week high of $83.00. The stock has a market capitalization of $3.66 billion, a PE ratio of 22.95 and a beta of 1.49.

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

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Several hedge funds have recently added to or reduced their stakes in LOPE. AQR Capital Management LLC boosted its stake in Grand Canyon Education by 51.2% in the fourth quarter. AQR Capital Management LLC now owns 24,460 shares of the company’s stock worth $1,430,000 after buying an additional 8,286 shares during the period. Affinity Investment Advisors LLC purchased a new stake in Grand Canyon Education during the first quarter worth $203,000. Allianz Asset Management AG boosted its stake in Grand Canyon Education by 5.8% in the fourth quarter. Allianz Asset Management AG now owns 26,403 shares of the company’s stock worth $1,543,000 after buying an additional 1,449 shares during the period. Prudential Financial Inc. boosted its stake in Grand Canyon Education by 75.6% in the first quarter. Prudential Financial Inc. now owns 154,693 shares of the company’s stock worth $11,078,000 after buying an additional 66,580 shares during the period. Finally, Pekin Singer Strauss Asset Management IL purchased a new stake in Grand Canyon Education during the fourth quarter worth $8,298,000. 97.59% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Piper Jaffray Companies reiterated an “overweight” rating and set a $73.00 price target (up from $69.00) on shares of Grand Canyon Education in a research note on Monday, March 20th. Barrington Research lifted their price target on shares of Grand Canyon Education from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $77.75.

About Grand Canyon Education

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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