Grand Canyon Education Inc (NASDAQ:LOPE) Position Lifted by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. lifted its stake in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 29.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 668 shares of the company’s stock after acquiring an additional 150 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Grand Canyon Education were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOPE. Cambridge Investment Research Advisors Inc. purchased a new stake in Grand Canyon Education in the 3rd quarter valued at about $254,000. Janney Montgomery Scott LLC purchased a new stake in Grand Canyon Education in the 3rd quarter valued at about $237,000. Piedmont Investment Advisors Inc. raised its holdings in Grand Canyon Education by 6,971.4% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 3,465 shares of the company’s stock valued at $391,000 after buying an additional 3,416 shares during the period. AXA purchased a new stake in Grand Canyon Education in the 3rd quarter valued at about $417,000. Finally, Janus Henderson Group PLC raised its holdings in Grand Canyon Education by 42.8% in the 3rd quarter. Janus Henderson Group PLC now owns 295,889 shares of the company’s stock valued at $33,376,000 after buying an additional 88,622 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

NASDAQ LOPE traded up $0.74 during trading on Monday, hitting $118.47. The stock had a trading volume of 212,100 shares, compared to its average volume of 356,818. The company has a market cap of $5.66 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.44 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.84 and a quick ratio of 3.84. Grand Canyon Education Inc has a twelve month low of $90.67 and a twelve month high of $130.10.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, February 20th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.14. Grand Canyon Education had a return on equity of 22.16% and a net margin of 27.09%. The company had revenue of $177.54 million during the quarter, compared to the consensus estimate of $175.25 million. During the same period in the previous year, the company posted $1.41 EPS. Grand Canyon Education’s revenue was down 34.6% compared to the same quarter last year. On average, analysts anticipate that Grand Canyon Education Inc will post 5.12 EPS for the current fiscal year.

LOPE has been the topic of several research analyst reports. ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Zacks Investment Research downgraded Grand Canyon Education from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Barrington Research reaffirmed a “buy” rating and issued a $150.00 target price on shares of Grand Canyon Education in a research report on Tuesday, December 18th. BidaskClub downgraded Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research report on Friday, December 28th. Finally, Robert W. Baird dropped their target price on Grand Canyon Education from $141.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $133.00.

In other news, CEO Brian E. Mueller sold 40,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $117.91, for a total transaction of $4,716,400.00. Following the completion of the transaction, the chief executive officer now directly owns 280,124 shares of the company’s stock, valued at $33,029,420.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph N. Mildenhall sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $118.12, for a total value of $236,240.00. Following the transaction, the insider now directly owns 66,809 shares of the company’s stock, valued at $7,891,479.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,000 shares of company stock valued at $9,297,700. Corporate insiders own 2.40% of the company’s stock.

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About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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