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.

Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in Grand Canyon Education during the third quarter valued at about $469,000. Rehmann Capital Advisory Group boosted its stake in Grand Canyon Education by 11,600.2% during the third quarter. Rehmann Capital Advisory Group now owns 59,671 shares of the company’s stock valued at $529,000 after buying an additional 59,161 shares in the last quarter. Nordea Investment Management AB boosted its stake in Grand Canyon Education by 33.5% during the third quarter. Nordea Investment Management AB now owns 39,577 shares of the company’s stock valued at $4,464,000 after buying an additional 9,923 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Grand Canyon Education by 165.7% during the third quarter. Glenmede Trust Co. NA now owns 1,969 shares of the company’s stock valued at $221,000 after buying an additional 1,228 shares in the last quarter. Finally, First Sabrepoint Capital Management LP boosted its stake in Grand Canyon Education by 20.0% during the third quarter. First Sabrepoint Capital Management LP now owns 120,000 shares of the company’s stock valued at $13,536,000 after buying an additional 20,000 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors.

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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