Goldman Sachs Group Inc. increased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) by 105.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 333,028 shares of the company’s stock after buying an additional 170,956 shares during the quarter. Goldman Sachs Group Inc. owned about 1.11% of Grand Canyon Education worth $43,973,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in Grand Canyon Education in the fourth quarter valued at about $286,000. Caxton Associates LP purchased a new position in Grand Canyon Education in the fourth quarter valued at about $2,707,000. Nebula Research & Development LLC purchased a new position in Grand Canyon Education in the fourth quarter valued at about $1,109,000. Icon Wealth Advisors LLC purchased a new position in Grand Canyon Education in the fourth quarter valued at about $778,000. Finally, SG Capital Management LLC purchased a new position in Grand Canyon Education in the fourth quarter valued at about $3,980,000. 94.17% of the stock is owned by hedge funds and other institutional investors.
Grand Canyon Education Price Performance
Shares of Grand Canyon Education stock opened at $134.03 on Friday. The business has a 50-day moving average of $138.85 and a 200-day moving average of $134.87. The company has a market capitalization of $3.99 billion, a PE ratio of 18.75, a P/E/G ratio of 1.15 and a beta of 0.64. Grand Canyon Education, Inc. has a 1-year low of $99.65 and a 1-year high of $156.56.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.13. The business had revenue of $274.68 million during the quarter, compared to the consensus estimate of $272.42 million. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $2.00 earnings per share. On average, equities analysts expect that Grand Canyon Education, Inc. will post 7.8 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the transaction, the director now directly owns 2,635 shares in the company, valued at $389,874.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Grand Canyon Education news, insider Kathy J. Claypatch sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $149.20, for a total value of $223,800.00. Following the completion of the transaction, the insider now directly owns 8,320 shares in the company, valued at $1,241,344. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lisa Graham Keegan sold 270 shares of Grand Canyon Education stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the transaction, the director now owns 2,635 shares of the company’s stock, valued at $389,874.60. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Wall Street Analysts Forecast Growth
LOPE has been the topic of several research reports. Barrington Research raised their price objective on Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. BMO Capital Markets raised their target price on Grand Canyon Education from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird raised their target price on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th.
Read Our Latest Analysis on LOPE
Grand Canyon Education Company Profile
Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.
Read More
Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report).
Receive News & Ratings for Grand Canyon Education Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Grand Canyon Education and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
