Grand Canyon Education Inc (NASDAQ:LOPE) COO Sells $1,905,000.00 in Stock
Grand Canyon Education Inc (NASDAQ:LOPE) COO William Stan Meyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $127.00, for a total value of $1,905,000.00. Following the completion of the transaction, the chief operating officer now owns 112,261 shares of the company’s stock, valued at approximately $14,257,147. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of LOPE traded down $4.82 during trading on Friday, reaching $114.13. The company’s stock had a trading volume of 471,683 shares, compared to its average volume of 410,950. Grand Canyon Education Inc has a twelve month low of $85.14 and a twelve month high of $130.10. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.52 and a beta of 0.81. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.05.
Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Thursday, November 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Grand Canyon Education had a return on equity of 21.66% and a net margin of 23.60%. The company had revenue of $155.45 million for the quarter, compared to analyst estimates of $153.31 million. During the same period in the prior year, the company posted $0.81 EPS. Grand Canyon Education’s quarterly revenue was down 34.2% on a year-over-year basis. On average, equities analysts expect that Grand Canyon Education Inc will post 4.88 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on LOPE shares. BidaskClub upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Barrington Research restated a “buy” rating and issued a $135.00 price target on shares of Grand Canyon Education in a report on Friday, October 5th. Finally, Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Thursday, September 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $141.40.
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About Grand Canyon Education
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
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