Grand Canyon Education, Inc. (NASDAQ:LOPE) COO William Stan Meyer sold 1,315 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $80.35, for a total transaction of $105,660.25. Following the completion of the transaction, the chief operating officer now owns 99,774 shares in the company, valued at $8,016,840.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, July 10th, William Stan Meyer sold 20,000 shares of Grand Canyon Education stock. The shares were sold at an average price of $77.14, for a total transaction of $1,542,800.00.
  • On Monday, June 12th, William Stan Meyer sold 20,000 shares of Grand Canyon Education stock. The shares were sold at an average price of $79.38, for a total transaction of $1,587,600.00.

Shares of Grand Canyon Education, Inc. (LOPE) traded down 0.01% during trading on Friday, hitting $79.43. 199,600 shares of the stock were exchanged. The stock’s 50 day moving average price is $77.68 and its 200 day moving average price is $71.99. Grand Canyon Education, Inc. has a one year low of $39.07 and a one year high of $85.94. The stock has a market cap of $3.75 billion, a PE ratio of 21.92 and a beta of 1.48.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.15. The business had revenue of $218.30 million for the quarter, compared to analyst estimates of $213.08 million. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. Equities research analysts predict that Grand Canyon Education, Inc. will post $3.83 EPS for the current year.

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Several equities analysts have commented on LOPE shares. BidaskClub lowered shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Wednesday, June 21st. Finally, Barrington Research restated an “outperform” rating and set a $89.00 target price (up from $85.00) on shares of Grand Canyon Education in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.50.

Several large investors have recently bought and sold shares of LOPE. Bank of New York Mellon Corp raised its stake in Grand Canyon Education by 46.5% in the first quarter. Bank of New York Mellon Corp now owns 542,318 shares of the company’s stock valued at $38,835,000 after buying an additional 172,256 shares in the last quarter. First Trust Advisors LP purchased a new stake in Grand Canyon Education during the first quarter valued at about $3,012,000. State Board of Administration of Florida Retirement System raised its stake in Grand Canyon Education by 18.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 39,504 shares of the company’s stock valued at $2,829,000 after buying an additional 6,050 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Grand Canyon Education by 32.9% in the first quarter. Great West Life Assurance Co. Can now owns 5,254 shares of the company’s stock valued at $375,000 after buying an additional 1,300 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Grand Canyon Education by 299.1% in the first quarter. Russell Investments Group Ltd. now owns 152,391 shares of the company’s stock valued at $10,912,000 after buying an additional 114,210 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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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