Truist Financial Corp Reduces Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Truist Financial Corp decreased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,043 shares of the company’s stock after selling 2,623 shares during the quarter. Truist Financial Corp owned about 0.10% of Grand Canyon Education worth $4,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Grand Canyon Education during the 4th quarter worth $54,000. Blue Trust Inc. raised its stake in Grand Canyon Education by 120.2% during the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after purchasing an additional 232 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Grand Canyon Education by 208.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock valued at $57,000 after purchasing an additional 290 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Grand Canyon Education by 41.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock valued at $66,000 after buying an additional 145 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Grand Canyon Education by 15.2% in the 3rd quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock valued at $126,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $160.00 price target on shares of Grand Canyon Education in a research report on Thursday, April 18th.

Insider Activity at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the transaction, the chief technology officer now directly owns 25,674 shares in the company, valued at approximately $3,405,656.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Price Performance

Shares of LOPE opened at $138.31 on Tuesday. The firm has a 50-day simple moving average of $132.89 and a two-hundred day simple moving average of $132.09. The stock has a market cap of $4.12 billion, a PE ratio of 20.34, a P/E/G ratio of 1.19 and a beta of 0.60. Grand Canyon Education, Inc. has a 1-year low of $99.65 and a 1-year high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.05. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The firm had revenue of $278.28 million during the quarter, compared to the consensus estimate of $275.00 million. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current fiscal year.

About Grand Canyon Education

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.