Grand Canyon Education Inc (NASDAQ:LOPE) COO William Stan Meyer sold 15,000 shares of the company’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $127.00, for a total value of $1,905,000.00. Following the completion of the transaction, the chief operating officer now directly owns 112,261 shares in the company, valued at approximately $14,257,147. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of LOPE stock traded down $1.16 on Wednesday, hitting $124.84. The stock had a trading volume of 519,849 shares, compared to its average volume of 371,353. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6.11 billion, a PE ratio of 31.53, a P/E/G ratio of 1.63 and a beta of 0.79. Grand Canyon Education Inc has a 1 year low of $85.14 and a 1 year high of $130.10.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Thursday, November 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The firm had revenue of $155.45 million for the quarter, compared to the consensus estimate of $153.31 million. Grand Canyon Education had a return on equity of 21.66% and a net margin of 23.60%. The company’s quarterly revenue was down 34.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. Research analysts predict that Grand Canyon Education Inc will post 4.88 EPS for the current fiscal year.
Several brokerages have recently commented on LOPE. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Tuesday. BidaskClub lowered Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. BMO Capital Markets upped their price target on Grand Canyon Education from $123.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Robert W. Baird upped their price target on Grand Canyon Education from $125.00 to $141.00 and gave the company an “outperform” rating in a research note on Friday, November 9th. Finally, Barrington Research upped their price target on Grand Canyon Education from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 9th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Grand Canyon Education presently has a consensus rating of “Buy” and a consensus price target of $141.40.
WARNING: “Grand Canyon Education Inc (LOPE) COO Sells $1,905,000.00 in Stock” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2018/11/14/grand-canyon-education-inc-lope-coo-sells-1905000-00-in-stock.html.
About Grand Canyon Education
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
Featured Article: How Buying a Call Option Works
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.