Sei Investments Co. lowered its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 78,358 shares of the company’s stock after selling 7,208 shares during the period. Sei Investments Co. owned about 0.17% of Grand Canyon Education worth $6,144,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Affinity Investment Advisors LLC acquired a new stake in shares of Grand Canyon Education during the first quarter valued at about $203,000. Acadian Asset Management LLC boosted its stake in shares of Grand Canyon Education by 49.3% in the second quarter. Acadian Asset Management LLC now owns 115,520 shares of the company’s stock valued at $9,059,000 after buying an additional 38,148 shares during the period. Prudential Financial Inc. boosted its stake in shares of Grand Canyon Education by 75.6% in the first quarter. Prudential Financial Inc. now owns 154,693 shares of the company’s stock valued at $11,078,000 after buying an additional 66,580 shares during the period. Vanguard Group Inc. boosted its stake in shares of Grand Canyon Education by 5.5% in the first quarter. Vanguard Group Inc. now owns 3,775,228 shares of the company’s stock valued at $270,343,000 after buying an additional 197,721 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Grand Canyon Education during the first quarter valued at about $2,083,000. 96.15% of the stock is currently owned by institutional investors.
Shares of Grand Canyon Education, Inc. (LOPE) opened at 80.22 on Wednesday. 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 $77.77 and its 200 day moving average is $72.68. The firm has a market cap of $3.79 billion, a PE ratio of 22.14 and a beta of 1.48.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 21.77% and a net margin of 18.77%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Equities research analysts forecast that Grand Canyon Education, Inc. will post $3.83 EPS for the current year.
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Several equities research analysts have issued reports on LOPE shares. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Barrington Research lifted their target price on shares of Grand Canyon Education from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $78.50.
In other news, CEO Brian E. Mueller sold 30,000 shares of Grand Canyon Education stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $79.34, for a total value of $2,380,200.00. Following the transaction, the chief executive officer now directly owns 311,524 shares of the company’s stock, valued at approximately $24,716,314.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO William Stan Meyer sold 1,315 shares of Grand Canyon Education stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $80.35, for a total value of $105,660.25. Following the completion of the transaction, the chief operating officer now directly owns 99,774 shares in the company, valued at $8,016,840.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,231 shares of company stock worth $10,207,539. 3.00% of the stock is owned by corporate insiders.
About Grand Canyon Education
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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