Grand Canyon Education Inc (NASDAQ:LOPE) saw some unusual options trading activity on Wednesday. Investors bought 978 put options on the company. This represents an increase of 1,360% compared to the typical daily volume of 67 put options.

In related news, CEO Brian E. Mueller sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $117.91, for a total transaction of $4,716,400.00. Following the sale, the chief executive officer now directly owns 280,124 shares in the company, valued at approximately $33,029,420.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph N. Mildenhall sold 19,900 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $113.95, for a total transaction of $2,267,605.00. Following the sale, the insider now owns 84,709 shares in the company, valued at $9,652,590.55. The disclosure for this sale can be found here. Insiders have sold a total of 100,900 shares of company stock worth $11,795,365 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Summit Creek Advisors LLC increased its holdings in shares of Grand Canyon Education by 24.3% in the 1st quarter. Summit Creek Advisors LLC now owns 200,492 shares of the company’s stock worth $22,958,000 after buying an additional 39,162 shares during the last quarter. Washington Capital Management Inc. increased its holdings in shares of Grand Canyon Education by 46.0% in the 1st quarter. Washington Capital Management Inc. now owns 4,600 shares of the company’s stock worth $527,000 after buying an additional 1,450 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Grand Canyon Education by 8.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 5,764 shares of the company’s stock worth $533,000 after buying an additional 461 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Grand Canyon Education by 15.8% in the 4th quarter. Legal & General Group Plc now owns 29,106 shares of the company’s stock worth $2,798,000 after buying an additional 3,973 shares during the last quarter. Finally, Svenska Handelsbanken AB publ increased its holdings in shares of Grand Canyon Education by 20.3% in the 4th quarter. Svenska Handelsbanken AB publ now owns 17,200 shares of the company’s stock worth $1,654,000 after buying an additional 2,900 shares during the last quarter. 96.25% of the stock is currently owned by hedge funds and other institutional investors.

LOPE has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Barrington Research reaffirmed a “buy” rating and set a $135.00 target price on shares of Grand Canyon Education in a report on Friday, February 8th. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. BidaskClub raised shares of Grand Canyon Education from a “strong sell” rating to a “sell” rating in a report on Friday, February 22nd. Finally, BMO Capital Markets upped their target price on shares of Grand Canyon Education to $130.00 and gave the stock an “outperform” rating in a report on Friday, February 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Grand Canyon Education has a consensus rating of “Buy” and an average price target of $133.20.

Grand Canyon Education stock opened at $117.30 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $5.56 billion, a P/E ratio of 23.05, a PEG ratio of 1.37 and a beta of 0.99. Grand Canyon Education has a 1-year low of $90.67 and a 1-year high of $130.10.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, May 7th. The company reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.13. The business had revenue of $197.29 million for the quarter, compared to analyst estimates of $195.60 million. Grand Canyon Education had a net margin of 29.80% and a return on equity of 21.50%. Grand Canyon Education’s revenue was down 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS. Research analysts expect that Grand Canyon Education will post 5.24 EPS for the current year.

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Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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