Parkside Financial Bank & Trust Lowers Position in Grand Canyon Education, Inc. (LOPE)
Parkside Financial Bank & Trust lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,756 shares of the company’s stock after selling 41 shares during the period. Parkside Financial Bank & Trust’s holdings in Grand Canyon Education were worth $138,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in Grand Canyon Education by 49.3% in the second quarter. Acadian Asset Management LLC now owns 115,520 shares of the company’s stock worth $9,059,000 after buying an additional 38,148 shares in the last quarter. Russell Investments Group Ltd. raised its position in Grand Canyon Education by 128.0% in the second quarter. Russell Investments Group Ltd. now owns 347,481 shares of the company’s stock worth $27,244,000 after buying an additional 195,090 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in Grand Canyon Education by 6.0% in the second quarter. Conestoga Capital Advisors LLC now owns 661,370 shares of the company’s stock worth $51,858,000 after buying an additional 37,650 shares in the last quarter. Aperio Group LLC raised its stake in shares of Grand Canyon Education by 4.9% in the second quarter. Aperio Group LLC now owns 9,662 shares of the company’s stock worth $758,000 after buying an additional 454 shares in the last quarter. Finally, Summit Creek Advisors LLC raised its stake in shares of Grand Canyon Education by 53.9% in the second quarter. Summit Creek Advisors LLC now owns 110,350 shares of the company’s stock worth $8,653,000 after buying an additional 38,660 shares in the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.
Grand Canyon Education, Inc. (NASDAQ:LOPE) traded down 0.01% during midday trading on Friday, hitting $79.43. 199,600 shares of the stock were exchanged. Grand Canyon Education, Inc. has a 52 week low of $39.07 and a 52 week high of $85.94. The firm’s 50-day moving average is $77.65 and its 200 day moving average is $72.14. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 21.92 and a beta of 1.48.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, topping the Zacks’ 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 net margin of 18.77% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities research analysts expect that Grand Canyon Education, Inc. will post $3.83 EPS for the current fiscal year.
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A number of equities research analysts have weighed in on LOPE shares. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Tuesday, May 9th. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.50.
In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total value of $400,850.00. Following the transaction, the insider now directly owns 88,798 shares in the company, valued at $7,118,935.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO William Stan Meyer sold 1,315 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 130,231 shares of company stock worth $10,207,539. 3.00% of the stock is currently owned by insiders.
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.
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