Grand Canyon Education, Inc. (NASDAQ:LOPE) COO Sells $105,660.25 in Stock

Grand Canyon Education, Inc. (NASDAQ:LOPE) COO William Stan Meyer sold 1,315 shares of Grand Canyon Education stock in a transaction dated Thursday, August 10th. The stock was 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 of the company’s stock, valued at approximately $8,016,840.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

William Stan Meyer also recently made the following trade(s):

  • On Monday, July 10th, William Stan Meyer sold 20,000 shares of Grand Canyon Education stock. The stock was sold at an average price of $77.14, for a total value of $1,542,800.00.
  • On Monday, June 12th, William Stan Meyer sold 20,000 shares of Grand Canyon Education stock. The stock was sold at an average price of $79.38, for a total value of $1,587,600.00.

Grand Canyon Education, Inc. (LOPE) traded down 0.01% during midday trading on Friday, reaching $79.43. The company had a trading volume of 199,600 shares. The company has a market capitalization of $3.75 billion, a P/E ratio of 21.92 and a beta of 1.48. The firm has a 50-day moving average of $77.65 and a 200 day moving average of $72.14. Grand Canyon Education, Inc. has a 1-year low of $39.07 and a 1-year high of $85.94.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. The company had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $213.08 million. During the same period last year, the business posted $0.59 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Grand Canyon Education, Inc. will post $3.83 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in Grand Canyon Education by 46.5% in the first quarter. Bank of New York Mellon Corp now owns 542,318 shares of the company’s stock worth $38,835,000 after buying an additional 172,256 shares during the period. First Trust Advisors LP acquired a new stake in Grand Canyon Education during the first quarter worth approximately $3,012,000. State Board of Administration of Florida Retirement System boosted its stake in Grand Canyon Education by 18.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 39,504 shares of the company’s stock worth $2,829,000 after buying an additional 6,050 shares during the period. Great West Life Assurance Co. Can boosted its stake in Grand Canyon Education by 32.9% in the first quarter. Great West Life Assurance Co. Can now owns 5,254 shares of the company’s stock worth $375,000 after buying an additional 1,300 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Grand Canyon Education by 299.1% in the first quarter. Russell Investments Group Ltd. now owns 152,391 shares of the company’s stock worth $10,912,000 after buying an additional 114,210 shares during the period. Institutional investors own 95.18% of the company’s stock.

Several research firms have recently issued reports on LOPE. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Tuesday, May 23rd. Barrington Research reaffirmed an “outperform” rating and issued a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a research report on Wednesday, August 2nd. BidaskClub lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $78.50.

Grand Canyon Education Company Profile

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.

Insider Buying and Selling by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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