Entropy Technologies LP Sells 1,800 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Entropy Technologies LP decreased its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 37.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,021 shares of the company’s stock after selling 1,800 shares during the quarter. Entropy Technologies LP’s holdings in Grand Canyon Education were worth $429,000 as of its most recent filing with the SEC.

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

Insider Activity

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the sale, the chief technology officer now owns 22,674 shares of the company’s stock, valued at $3,202,249.02. This trade represents a 6.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Grand Canyon Education Stock Down 3.2 %

Shares of LOPE stock opened at $159.62 on Friday. Grand Canyon Education, Inc. has a 12-month low of $118.48 and a 12-month high of $173.37. The firm has a fifty day moving average of $141.95 and a 200-day moving average of $142.73. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.40 and a beta of 0.70.

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, topping the consensus estimate 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 company had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. During the same period in the prior year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LOPE. Barrington Research raised their target price on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday. Finally, BMO Capital Markets raised their target price on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a 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.