Grand Canyon Education, Inc. (NASDAQ:LOPE) Sees Large Growth in Short Interest

Grand Canyon Education, Inc. (NASDAQ:LOPEGet Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 463,900 shares, a growth of 16.5% from the December 31st total of 398,300 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average trading volume of 235,000 shares, the short-interest ratio is presently 2.0 days.

Insider Activity at Grand Canyon Education

In related news, Director Jack A. Henry sold 1,450 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $137.92, for a total value of $199,984.00. Following the transaction, the director now directly owns 14,782 shares in the company, valued at $2,038,733.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its position in Grand Canyon Education by 38.2% during the 1st quarter. HighTower Advisors LLC now owns 13,507 shares of the company’s stock valued at $1,307,000 after purchasing an additional 3,737 shares during the period. PNC Financial Services Group Inc. increased its position in Grand Canyon Education by 16.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,384 shares of the company’s stock valued at $813,000 after purchasing an additional 1,184 shares during the period. Bank of Montreal Can increased its position in Grand Canyon Education by 57.8% during the 1st quarter. Bank of Montreal Can now owns 9,697 shares of the company’s stock valued at $948,000 after purchasing an additional 3,553 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth approximately $686,000. Finally, MetLife Investment Management LLC grew its position in shares of Grand Canyon Education by 32.0% during the 1st quarter. MetLife Investment Management LLC now owns 25,625 shares of the company’s stock worth $2,488,000 after buying an additional 6,205 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

LOPE has been the topic of a number of analyst reports. Barrington Research increased their price objective on shares of Grand Canyon Education from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th.

Get Our Latest Report on LOPE

Grand Canyon Education Trading Down 0.5 %

LOPE stock opened at $129.13 on Wednesday. The stock has a market capitalization of $3.88 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.13 and a beta of 0.58. Grand Canyon Education has a 12 month low of $99.65 and a 12 month high of $144.94. The firm has a 50-day moving average price of $133.55 and a 200-day moving average price of $122.56.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last posted its earnings results on Thursday, November 2nd. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The firm had revenue of $221.91 million during the quarter, compared to analysts’ expectations of $219.50 million. Grand Canyon Education had a net margin of 20.75% and a return on equity of 31.22%. As a group, equities analysts predict that Grand Canyon Education will post 6.98 EPS for the current fiscal year.

About Grand Canyon Education

(Get Free Report)

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.

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