Schwab Charles Investment Management Inc. Boosts Position in Grand Canyon Education, Inc. (LOPE)

Schwab Charles Investment Management Inc. boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,296 shares of the company’s stock after buying an additional 17,802 shares during the period. Schwab Charles Investment Management Inc. owned about 0.50% of Grand Canyon Education worth $16,778,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its stake in Grand Canyon Education by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,697 shares of the company’s stock worth $193,000 after buying an additional 129 shares in the last quarter. Fifth Third Bancorp increased its stake in Grand Canyon Education by 10.8% in the first quarter. Fifth Third Bancorp now owns 2,262 shares of the company’s stock worth $162,000 after buying an additional 220 shares in the last quarter. Bell Bank increased its stake in Grand Canyon Education by 3.6% in the first quarter. Bell Bank now owns 7,630 shares of the company’s stock worth $546,000 after buying an additional 265 shares in the last quarter. Valley National Advisers Inc. increased its stake in Grand Canyon Education by 23.8% in the first quarter. Valley National Advisers Inc. now owns 2,562 shares of the company’s stock worth $183,000 after buying an additional 492 shares in the last quarter. Finally, Swiss National Bank increased its stake in Grand Canyon Education by 1.0% in the first quarter. Swiss National Bank now owns 74,300 shares of the company’s stock worth $5,321,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Shares of Grand Canyon Education, Inc. (LOPE) traded up 0.30% on Friday, hitting $81.07. The company had a trading volume of 394,082 shares. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 22.38 and a beta of 1.48. Grand Canyon Education, Inc. has a 52 week low of $39.07 and a 52 week high of $83.67. The stock’s 50-day moving average is $77.72 and its 200 day moving average is $71.13.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.68 by $0.15. The firm had revenue of $218.30 million for the quarter, compared to analyst estimates of $213.08 million. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. Grand Canyon Education’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Equities analysts expect that Grand Canyon Education, Inc. will post $3.83 EPS for the current year.

WARNING: “Schwab Charles Investment Management Inc. Boosts Position in Grand Canyon Education, Inc. (LOPE)” was originally posted by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://baseballnewssource.com/markets/schwab-charles-investment-management-inc-has-16-78-million-position-in-grand-canyon-education-inc-lope-updated-updated-updated/1180182.html.

A number of research firms have issued reports on LOPE. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Tuesday, May 23rd. Barrington Research restated an “outperform” rating and set a $89.00 price target (up from $85.00) on shares of Grand Canyon Education in a research note on Wednesday. BidaskClub downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Grand Canyon Education currently has an average rating of “Buy” and a consensus price target of $78.50.

In other Grand Canyon Education news, CEO Brian E. Mueller sold 29,788 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $77.12, for a total value of $2,297,250.56. Following the sale, the chief executive officer now directly owns 311,312 shares of the company’s stock, valued at $24,008,381.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel E. Bachus sold 10,128 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $77.17, for a total value of $781,577.76. Following the completion of the sale, the chief financial officer now directly owns 115,233 shares in the company, valued at $8,892,530.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 197,461 shares of company stock worth $15,462,932. 3.00% of the stock is owned by corporate insiders.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

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

Receive News & Ratings for Grand Canyon Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Albert Pujols New Home Run Leader for Foreign-Born Players
Albert Pujols New Home Run Leader for Foreign-Born Players
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Blues Jays Ready to Take Flight
Blues Jays Ready to Take Flight
Umpires Ending Protest Over Incident With Ian Kinsler
Umpires Ending Protest Over Incident With Ian Kinsler
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer


Leave a Reply

 
© 2006-2017 BBNS.