Crossmark Global Holdings Inc. Lowers Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Crossmark Global Holdings Inc. lessened its stake in Grand Canyon Education, Inc. (NASDAQ:LOPEFree Report) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,349 shares of the company’s stock after selling 6,297 shares during the period. Crossmark Global Holdings Inc.’s holdings in Grand Canyon Education were worth $2,554,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $54,000. Blue Trust Inc. raised its stake in shares of Grand Canyon Education by 120.2% during the 4th quarter. Blue Trust Inc. now owns 425 shares of the company’s stock worth $56,000 after buying an additional 232 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Grand Canyon Education by 208.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock worth $57,000 after buying an additional 290 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Grand Canyon Education by 41.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock worth $66,000 after buying an additional 145 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $101,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barrington Research upped their target price on Grand Canyon Education from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets upped their target price on Grand Canyon Education from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird increased their price objective 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.

Get Our Latest Stock Analysis on Grand Canyon Education

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $142.92 on Friday. The business has a fifty day moving average price of $138.13 and a 200 day moving average price of $134.86. Grand Canyon Education, Inc. has a one year low of $99.65 and a one year high of $156.56. The company has a market cap of $4.25 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.23 and a beta of 0.64.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.22 by $0.13. The firm 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 firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. As a group, sell-side analysts predict that Grand Canyon Education, Inc. will post 7.8 EPS for the current fiscal year.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the sale, 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 SEC, which can be accessed through this link. In other news, Director Lisa Graham Keegan sold 270 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total transaction of $39,949.20. Following the completion of the transaction, the director now directly owns 2,635 shares in the company, valued at approximately $389,874.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The disclosure for this sale can be found here. Insiders sold a total of 3,270 shares of company stock worth $462,724 in the last three months. 2.00% of the stock is owned by corporate insiders.

Grand Canyon Education Company Profile

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

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