Tidal Investments LLC Sells 1,190 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Tidal Investments LLC cut its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 39.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,831 shares of the company’s stock after selling 1,190 shares during the period. Tidal Investments LLC’s holdings in Grand Canyon Education were worth $260,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LOPE. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Grand Canyon Education during the third quarter valued at $1,867,000. Thrivent Financial for Lutherans increased its holdings in shares of Grand Canyon Education by 4.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 423,633 shares of the company’s stock worth $60,092,000 after buying an additional 19,577 shares during the last quarter. Icon Wealth Advisors LLC raised its position in shares of Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock valued at $1,307,000 after buying an additional 4,901 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Grand Canyon Education by 530.4% in the 2nd quarter. Quest Partners LLC now owns 12,299 shares of the company’s stock valued at $1,721,000 after acquiring an additional 10,348 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Grand Canyon Education by 89.7% in 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 in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling at Grand Canyon Education

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, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

LOPE has been the topic of a number of recent research reports. Robert W. Baird upped their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets raised their price target on 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 cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Barrington Research raised their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $162.94 on Wednesday. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $173.37. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.38 and a beta of 0.76. The company’s 50-day simple moving average is $155.77 and its two-hundred day simple moving average is $147.05.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. Equities analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.

Grand Canyon Education Company Profile

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.