Commerce Bank Sells 523 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Commerce Bank trimmed its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,836 shares of the company’s stock after selling 523 shares during the period. Commerce Bank’s holdings in Grand Canyon Education were worth $544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOPE. Reston Wealth Management LLC bought a new position in Grand Canyon Education during the 3rd quarter valued at about $28,000. Versant Capital Management Inc grew its stake in shares of Grand Canyon Education by 14,150.0% during the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock valued at $40,000 after buying an additional 283 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Grand Canyon Education in the third quarter worth approximately $60,000. Blue Trust Inc. lifted its stake in shares of Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after acquiring an additional 533 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now directly owns 22,674 shares in the company, valued at approximately $3,202,249.02. This trade represents a 6.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. 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. Barrington Research upped their price target 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. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Grand Canyon Education Trading Down 0.7 %

Shares of LOPE stock opened at $166.64 on Wednesday. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $173.37. The stock has a fifty day simple moving average of $145.67 and a two-hundred day simple moving average of $144.18. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.38 and a beta of 0.70.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The company had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. Research analysts predict that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Grand Canyon Education 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.