Amalgamated Bank Sells 262 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Amalgamated Bank reduced its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,537 shares of the company’s stock after selling 262 shares during the period. Amalgamated Bank’s holdings in Grand Canyon Education were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LOPE. GeoWealth Management LLC acquired a new position in Grand Canyon Education in the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth $32,000. UMB Bank n.a. increased its position in shares of Grand Canyon Education by 107.8% in the first quarter. UMB Bank n.a. now owns 318 shares of the company’s stock worth $55,000 after purchasing an additional 165 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Grand Canyon Education in the fourth quarter valued at about $59,000. Finally, Blue Trust Inc. lifted its position in Grand Canyon Education by 20.5% during the first quarter. Blue Trust Inc. now owns 577 shares of the company’s stock worth $100,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LOPE. BMO Capital Markets raised their target price on shares of Grand Canyon Education from $208.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Barrington Research boosted their price objective on shares of Grand Canyon Education from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th.

Grand Canyon Education Trading Up 0.6%

Shares of NASDAQ LOPE opened at $183.53 on Friday. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.40 and a beta of 0.77. Grand Canyon Education, Inc. has a 12 month low of $130.69 and a 12 month high of $202.28. The stock has a 50-day moving average price of $189.87 and a two-hundred day moving average price of $178.38.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.06. The company had revenue of $289.31 million for the quarter, compared to analyst estimates of $287.18 million. Grand Canyon Education had a net margin of 21.94% and a return on equity of 30.94%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 EPS. On average, sell-side analysts predict that Grand Canyon Education, Inc. will post 8.81 earnings per share 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.