Aperio Group LLC increased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,662 shares of the company’s stock after buying an additional 454 shares during the period. Aperio Group LLC’s holdings in Grand Canyon Education were worth $758,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its stake in Grand Canyon Education by 586.1% in the second quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock worth $112,000 after buying an additional 1,225 shares in the last quarter. Fifth Third Bancorp raised its stake in Grand Canyon Education by 10.8% in the first quarter. Fifth Third Bancorp now owns 2,262 shares of the company’s stock worth $162,000 after buying an additional 220 shares in the last quarter. Valley National Advisers Inc. raised its stake in Grand Canyon Education by 23.8% in the first quarter. Valley National Advisers Inc. now owns 2,562 shares of the company’s stock worth $183,000 after buying an additional 492 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Grand Canyon Education by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,697 shares of the company’s stock worth $193,000 after buying an additional 129 shares in the last quarter. Finally, Affinity Investment Advisors LLC bought a new stake in Grand Canyon Education during the first quarter worth $203,000. Institutional investors own 96.15% of the company’s stock.
Shares of Grand Canyon Education, Inc. (LOPE) traded up 0.1802% during mid-day trading on Monday, hitting $80.1542. The stock had a trading volume of 87,983 shares. The stock’s 50-day moving average is $77.90 and its 200 day moving average is $72.93. Grand Canyon Education, Inc. has a 12 month low of $39.07 and a 12 month high of $85.94. The firm has a market cap of $3.79 billion, a PE ratio of 22.1237 and a beta of 1.48.
Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.15. The firm had revenue of $218.30 million during the quarter, compared to the consensus estimate of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities research analysts predict that Grand Canyon Education, Inc. will post $3.83 earnings per share for the current fiscal year.
A number of analysts have weighed in on the company. Barrington Research restated an “outperform” rating and set a $89.00 target price (up previously from $85.00) on shares of Grand Canyon Education in a report on Wednesday, August 2nd. BidaskClub lowered Grand Canyon Education from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Thursday, August 3rd. One investment 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 an average price target of $78.50.
In related news, CEO Brian E. Mueller sold 29,788 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $77.12, for a total transaction of $2,297,250.56. Following the completion of the transaction, the chief executive officer now owns 311,312 shares in the company, valued at $24,008,381.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph N. Mildenhall sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $80.17, for a total transaction of $400,850.00. Following the transaction, the insider now owns 88,798 shares of the company’s stock, valued at approximately $7,118,935.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,231 shares of company stock valued at $10,207,539. Insiders own 3.00% of the company’s stock.
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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