Amalgamated Bank Sells 1,555 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Grand Canyon Education logoAmalgamated Bank lowered its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,787 shares of the company’s stock after selling 1,555 shares during the quarter. Amalgamated Bank’s holdings in Grand Canyon Education were worth $1,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LOPE. Parkside Financial Bank & Trust lifted its position in Grand Canyon Education by 7.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,743 shares of the company’s stock valued at $144,000 after acquiring an additional 117 shares during the period. Yousif Capital Management LLC lifted its position in Grand Canyon Education by 0.8% during the 1st quarter. Yousif Capital Management LLC now owns 21,028 shares of the company’s stock valued at $2,042,000 after acquiring an additional 168 shares during the period. First Republic Investment Management Inc. lifted its position in Grand Canyon Education by 3.4% during the 3rd quarter. First Republic Investment Management Inc. now owns 7,054 shares of the company’s stock valued at $580,000 after acquiring an additional 233 shares during the period. Inspire Investing LLC lifted its position in Grand Canyon Education by 10.5% during the 3rd quarter. Inspire Investing LLC now owns 2,487 shares of the company’s stock valued at $205,000 after acquiring an additional 236 shares during the period. Finally, Parallel Advisors LLC lifted its position in Grand Canyon Education by 23.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,268 shares of the company’s stock valued at $119,000 after acquiring an additional 245 shares during the period. Institutional investors own 96.81% of the company’s stock.

Insider Transactions at Grand Canyon Education

In other news, Director Sara R. Dial sold 1,614 shares of Grand Canyon Education stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $107.27, for a total value of $173,133.78. Following the completion of the sale, the director now directly owns 3,972 shares in the company, valued at $426,076.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this hyperlink. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

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LOPE has been the subject of a number of recent research reports. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $98.00 to $120.00 in a research note on Friday, November 11th. Barrington Research raised their price objective on shares of Grand Canyon Education from $110.00 to $130.00 in a research note on Friday. Finally, TheStreet upgraded shares of Grand Canyon Education from a “c+” rating to a “b-” rating in a research note on Wednesday, November 9th.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $117.82 on Friday. The firm has a 50-day simple moving average of $110.88 and a two-hundred day simple moving average of $98.30. Grand Canyon Education, Inc. has a fifty-two week low of $78.37 and a fifty-two week high of $121.60. The firm has a market cap of $3.67 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.20 and a beta of 0.58.

Grand Canyon Education (NASDAQ:LOPE – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. Grand Canyon Education has a net margin of 20.26% and a return on equity of 30.27%. The firm had revenue of $258.70 million during the quarter, compared to analyst estimates of $256.17 million. During the same period in the previous year, the business posted $2.11 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equity research analysts predict that Grand Canyon Education, Inc. will post 6.35 EPS for the current year.

About Grand Canyon Education

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Grand Canyon Education, Inc. engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.

See Also

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

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