Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC trimmed its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 22.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,800 shares of the company’s stock after selling 800 shares during the period. Radnor Capital Management LLC’s holdings in Grand Canyon Education were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Grand Canyon Education in the 4th quarter valued at $44,529,000. Los Angeles Capital Management LLC lifted its position in Grand Canyon Education by 75.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 410,815 shares of the company’s stock valued at $54,244,000 after purchasing an additional 176,797 shares during the period. Goldman Sachs Group Inc. grew its position in Grand Canyon Education by 105.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 333,028 shares of the company’s stock worth $43,973,000 after purchasing an additional 170,956 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Grand Canyon Education by 824.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 173,643 shares of the company’s stock valued at $22,928,000 after buying an additional 154,858 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Grand Canyon Education by 26.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 254,484 shares of the company’s stock valued at $29,744,000 after buying an additional 52,650 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity

In related news, insider Kathy J. Claypatch sold 1,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $149.20, for a total transaction of $223,800.00. Following the completion of the transaction, the insider now owns 8,320 shares in the company, valued at approximately $1,241,344. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Kathy J. Claypatch sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $149.20, for a total transaction of $223,800.00. Following the completion of the sale, the insider now directly owns 8,320 shares in the company, valued at $1,241,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa Graham Keegan sold 270 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $147.96, for a total value of $39,949.20. Following the completion of the transaction, the director now owns 2,635 shares in the company, valued at approximately $389,874.60. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

LOPE has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Grand Canyon Education from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. Finally, Barrington Research raised their price target on shares of Grand Canyon Education from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th.

Grand Canyon Education Trading Up 1.1 %

Shares of LOPE stock opened at $135.57 on Monday. Grand Canyon Education, Inc. has a 12-month low of $99.65 and a 12-month high of $156.56. The business’s 50 day moving average is $138.95 and its two-hundred day moving average is $134.79. The company has a market capitalization of $4.03 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.15 and a beta of 0.64.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, May 7th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. The firm had revenue of $274.68 million for the quarter, compared to analyst estimates of $272.42 million. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 EPS. On average, research analysts predict that Grand Canyon Education, Inc. will post 7.8 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.