Grand Canyon Education, Inc. (NASDAQ:LOPE) Short Interest Update

Grand Canyon Education, Inc. (NASDAQ:LOPE) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 266,000 shares, a decrease of 15.0% from the December 15th total of 312,800 shares. Based on an average daily volume of 175,300 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the company’s stock are short sold.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction 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 approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Grand Canyon Education

Institutional investors and hedge funds have recently made changes to their positions in the business. Koshinski Asset Management Inc. bought a new position in Grand Canyon Education in the 4th quarter valued at about $204,000. Aaron Wealth Advisors LLC purchased a new position in shares of Grand Canyon Education during the fourth quarter worth about $202,000. Kera Capital Partners Inc. purchased a new stake in Grand Canyon Education during the fourth quarter valued at about $205,000. Integrated Investment Consultants LLC purchased a new position in shares of Grand Canyon Education during the fourth quarter worth approximately $222,000. Finally, Avanza Fonder AB purchased a new stake in Grand Canyon Education during the 4th quarter valued at about $210,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Down 0.6 %

Shares of LOPE traded down $1.01 during trading hours on Friday, hitting $169.99. The company had a trading volume of 173,929 shares, compared to its average volume of 116,217. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.22 and a beta of 0.75. Grand Canyon Education has a 12 month low of $118.48 and a 12 month high of $176.77. The business has a fifty day moving average of $165.09 and a 200-day moving average of $150.42.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. During the same quarter last year, the company earned $1.26 EPS. The company’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that Grand Canyon Education will post 8.03 EPS for the current fiscal year.

Analyst Ratings Changes

LOPE has been the topic of several recent analyst reports. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets upped their price target on Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barrington Research lifted 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. Finally, Robert W. Baird increased their price target on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

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.