Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 18.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,391 shares of the company’s stock after selling 3,187 shares during the period. SG Americas Securities LLC’s holdings in Grand Canyon Education were worth $2,041,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wealth Alliance boosted its position in shares of Grand Canyon Education by 3.8% during the 2nd quarter. Wealth Alliance now owns 2,428 shares of the company’s stock worth $340,000 after purchasing an additional 89 shares during the period. Capital Insight Partners LLC boosted its position in shares of Grand Canyon Education by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock worth $592,000 after purchasing an additional 105 shares during the period. Allegheny Financial Group LTD boosted its position in shares of Grand Canyon Education by 4.3% during the 2nd quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock worth $372,000 after purchasing an additional 109 shares during the period. Riverwater Partners LLC boosted its position in shares of Grand Canyon Education by 0.9% during the 1st quarter. Riverwater Partners LLC now owns 12,716 shares of the company’s stock worth $1,732,000 after purchasing an additional 119 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Grand Canyon Education by 7.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,943 shares of the company’s stock worth $272,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction 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 sale, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Trading Down 1.9 %

Shares of LOPE opened at $136.53 on Tuesday. Grand Canyon Education, Inc. has a twelve month low of $112.38 and a twelve month high of $157.53. The firm’s fifty day simple moving average is $143.25 and its 200-day simple moving average is $140.79. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.21 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same period last year, the business earned $1.01 EPS. The company’s revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Grand Canyon Education, Inc. will post 7.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LOPE has been the subject of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, Barrington Research reissued an “outperform” rating and issued a $165.00 price target on shares of Grand Canyon Education in a research report on Friday, September 20th.

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.