Strs Ohio raised its position in shares of Grand Canyon Education Inc. (NASDAQ:LOPE) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 28,300 shares of the company’s stock after buying an additional 500 shares during the period. Strs Ohio’s holdings in Grand Canyon Education were worth $1,129,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Advisors Inc. boosted its stake in Grand Canyon Education by 1.5% in the first quarter. Teachers Advisors Inc. now owns 420,622 shares of the company’s stock worth $17,977,000 after buying an additional 6,370 shares during the period. BlackRock Inc. boosted its stake in Grand Canyon Education by 127.0% in the first quarter. BlackRock Inc. now owns 3,153 shares of the company’s stock worth $135,000 after buying an additional 1,764 shares during the period. BlackRock Group LTD boosted its stake in Grand Canyon Education by 28.5% in the first quarter. BlackRock Group LTD now owns 26,461 shares of the company’s stock worth $1,131,000 after buying an additional 5,865 shares during the period. Credit Agricole S A boosted its stake in Grand Canyon Education by 889.7% in the first quarter. Credit Agricole S A now owns 96,000 shares of the company’s stock worth $4,103,000 after buying an additional 86,300 shares during the period. Finally, Zebra Capital Management LLC boosted its stake in Grand Canyon Education by 25.8% in the first quarter. Zebra Capital Management LLC now owns 37,434 shares of the company’s stock worth $1,600,000 after buying an additional 7,676 shares during the period. 99.59% of the stock is currently owned by hedge funds and other institutional investors.
Grand Canyon Education Inc. (NASDAQ:LOPE) traded down 0.25% during mid-day trading on Thursday, hitting $40.50. The company had a trading volume of 198,345 shares. The company has a 50-day moving average price of $40.88 and a 200 day moving average price of $41.82. The firm has a market capitalization of $1.87 billion, a P/E ratio of 13.37 and a beta of 1.10. Grand Canyon Education Inc. has a 12 month low of $31.12 and a 12 month high of $45.02.
Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.05. Grand Canyon Education had a return on equity of 22.53% and a net margin of 17.25%. The company earned $191.30 million during the quarter, compared to analysts’ expectations of $189.09 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Equities analysts forecast that Grand Canyon Education Inc. will post $3.08 EPS for the current fiscal year.
LOPE has been the subject of a number of research reports. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, July 6th. Credit Suisse Group AG restated a “buy” rating and issued a $62.00 price target on shares of Grand Canyon Education in a research report on Tuesday, September 13th. Finally, Piper Jaffray Cos. upped their price target on Grand Canyon Education from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $49.67.
In other news, insider Joseph N. Mildenhall sold 22,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $43.36, for a total value of $953,920.00. Following the completion of the transaction, the insider now owns 123,514 shares of the company’s stock, valued at approximately $5,355,567.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian E. Mueller sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $43.09, for a total value of $4,309,000.00. Following the completion of the transaction, the chief executive officer now directly owns 388,090 shares of the company’s stock, valued at approximately $16,722,798.10. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc is a regionally accredited university. The Company offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona and at leased facilities and at facilities owned by third-party employers of its students.
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