Jane Street Group LLC lowered its position in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 29.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,427 shares of the company's stock after selling 16,043 shares during the quarter. Jane Street Group LLC owned approximately 0.13% of Grand Canyon Education worth $5,451,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Grand Canyon Education in the third quarter valued at about $1,867,000. Thrivent Financial for Lutherans increased its position in Grand Canyon Education by 4.8% during the third quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company's stock worth $60,092,000 after acquiring an additional 19,577 shares during the period. Icon Wealth Advisors LLC increased its position in Grand Canyon Education by 113.7% during the third quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company's stock worth $1,307,000 after acquiring an additional 4,901 shares during the period. Quest Partners LLC increased its position in Grand Canyon Education by 530.4% during the second quarter. Quest Partners LLC now owns 12,299 shares of the company's stock worth $1,721,000 after acquiring an additional 10,348 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Grand Canyon Education by 89.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company's stock worth $24,215,000 after acquiring an additional 81,853 shares during the period. 94.17% of the stock is owned by institutional investors.
Grand Canyon Education Stock Performance
Shares of LOPE traded down $2.21 during mid-day trading on Tuesday, reaching $166.14. The company had a trading volume of 168,308 shares, compared to its average volume of 181,880. The company's 50 day simple moving average is $153.52 and its 200 day simple moving average is $146.56. Grand Canyon Education, Inc. has a 1-year low of $118.48 and a 1-year high of $173.37. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.41 and a beta of 0.76.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. During the same period last year, the company posted $1.26 EPS. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total transaction of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. This trade represents a 6.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently commented on LOPE. BMO Capital Markets raised their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Robert W. Baird increased their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Barrington Research increased their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th.
View Our Latest Stock Analysis on LOPE
About Grand Canyon Education
(
Free Report)
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.
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