Truist Financial Corp Trims Stock Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Truist Financial Corp lowered its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,043 shares of the company’s stock after selling 2,623 shares during the period. Truist Financial Corp’s holdings in Grand Canyon Education were worth $4,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in Grand Canyon Education in the 4th quarter valued at about $54,000. Blue Trust Inc. raised its position in shares of Grand Canyon Education by 120.2% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $56,000 after buying an additional 232 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Grand Canyon Education by 208.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 429 shares of the company’s stock valued at $57,000 after buying an additional 290 shares during the period. Daiwa Securities Group Inc. boosted its position in Grand Canyon Education by 41.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock worth $66,000 after acquiring an additional 145 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Grand Canyon Education by 15.2% in the 3rd quarter. Signaturefd LLC now owns 1,075 shares of the company’s stock worth $126,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, the chief technology officer now owns 25,674 shares of the company’s stock, valued at approximately $3,405,656.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and set a $160.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 18th.

Grand Canyon Education Stock Performance

Grand Canyon Education stock opened at $138.31 on Tuesday. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94. The firm has a 50 day moving average price of $132.89 and a 200 day moving average price of $132.09. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.19 and a beta of 0.60.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.05. The company had revenue of $278.28 million during the quarter, compared to analysts’ expectations of $275.00 million. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. Sell-side analysts predict that Grand Canyon Education, Inc. will post 7.65 EPS for the current 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.