Rice Hall James & Associates LLC decreased its holdings in Grand Canyon Education Inc (NASDAQ:LOPE) by 5.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,464 shares of the company’s stock after selling 5,540 shares during the period. Rice Hall James & Associates LLC owned about 0.22% of Grand Canyon Education worth $12,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Icon Wealth Partners LLC purchased a new position in Grand Canyon Education in the first quarter worth $63,000. Daiwa Securities Group Inc. grew its holdings in Grand Canyon Education by 48.8% in the first quarter. Daiwa Securities Group Inc. now owns 610 shares of the company’s stock worth $70,000 after purchasing an additional 200 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Grand Canyon Education by 350.3% in the first quarter. Quadrant Capital Group LLC now owns 680 shares of the company’s stock worth $76,000 after purchasing an additional 529 shares during the last quarter. Marshall Wace LLP purchased a new position in Grand Canyon Education in the first quarter worth $77,000. Finally, NEXT Financial Group Inc grew its holdings in Grand Canyon Education by 9.1% in the second quarter. NEXT Financial Group Inc now owns 1,193 shares of the company’s stock worth $139,000 after purchasing an additional 100 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

In other news, insider Joseph N. Mildenhall sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $124.49, for a total transaction of $248,980.00. Following the sale, the insider now directly owns 62,809 shares of the company’s stock, valued at $7,819,092.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian E. Mueller sold 40,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $126.10, for a total transaction of $5,044,000.00. Following the completion of the sale, the chief executive officer now directly owns 320,124 shares in the company, valued at $40,367,636.40. The disclosure for this sale can be found here. Insiders have sold 85,900 shares of company stock worth $10,567,785 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Shares of LOPE traded up $1.81 during trading hours on Thursday, reaching $127.19. 3,977 shares of the company traded hands, compared to its average volume of 413,449. The company has a market capitalization of $6.08 billion, a PE ratio of 24.89, a P/E/G ratio of 1.54 and a beta of 0.79. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. Grand Canyon Education Inc has a 12-month low of $90.67 and a 12-month high of $130.10. The stock has a fifty day simple moving average of $121.19.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $174.82 million for the quarter, compared to analyst estimates of $173.40 million. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. The business’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. On average, analysts anticipate that Grand Canyon Education Inc will post 5.39 EPS for the current fiscal year.

Several equities analysts have issued reports on LOPE shares. Barrington Research lifted their price target on shares of Grand Canyon Education from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird set a $145.00 price target on shares of Grand Canyon Education and gave the stock a “buy” rating in a report on Wednesday, July 31st. BidaskClub raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $139.25.

Grand Canyon Education 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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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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