BTC Capital Management Inc. recently acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,641 shares of Grand Canyon Education’s stock at a value of approximately $267,000.
Grand Canyon Education, a company listed under NASDAQ:LOPE, announced its quarterly earnings data on August 3rd. This report revealed that the company had achieved $1.01 earnings per share for the quarter, surpassing the consensus estimate of $0.87 by $0.14.
In terms of financial performance, Grand Canyon Education boasted a return on equity of 31.06% and a net margin of 20.42%. The company’s revenue for the quarter reached $210.58 million, beating the consensus estimate of $208.09 million. Furthermore, compared to the same period last year, their revenue grew by 5.4%.
It is expected by equities research analysts that Grand Canyon Education will post earnings per share of 6.68 for the current fiscal year.
In other news related to Grand Canyon Education’s stock activity, CAO Lori Browning sold 2,500 shares on August 8th at an average price of $112.75 per share, resulting in a total sale value of $281,875. Following this transaction, Browning now holds direct ownership over 13,663 shares valued at approximately $1,540,503.25.
Additionally, on August 10th Director Lisa Graham Keegan sold 540 shares at an average price of $109.34 each for a total value of $59,043.60. Subsequently after this sale Keegan possesses direct ownership over 2,905 shares valued at approximately $317,632.70.
The SEC was made aware about these transactions through legal filings, and detailed information can be found on their website. It is also worth noting that the chief accounting officer, Lori Browning, sold 2,500 shares in another transaction dated August 8th at an average price of $112.75 per share. After this sale, Browning’s direct ownership includes 13,663 shares valued at approximately $1,540,503.25.
Corporate insiders currently hold 2% of Grand Canyon Education’s stock.
Overall, BTC Capital Management Inc.’s recent acquisition of a stake in Grand Canyon Education indicates confidence in the company’s performance. With impressive earnings results and positive revenue growth, investors may have faith in the future prospects of the education company.
Arrowhead Pharmaceuticals, Inc.
ARWR
Buy
Updated on: 19/09/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Sell
Large Investors Show Interest in Grand Canyon Education, Inc. (LOPE) Shares
As of September 19, 2023, Grand Canyon Education, Inc. (LOPE) has attracted the attention of several large investors looking to buy and sell shares of the company. Notable investors include First Republic Investment Management Inc., BOKF NA, Laffer Tengler Investments, Intech Investment Management LLC, and Riverwater Partners LLC.
First Republic Investment Management Inc. has increased its position in Grand Canyon Education by a mere 1.4% during the fourth quarter. The company now owns 7,156 shares of LOPE stock, valued at $756,000 after purchasing an additional 102 shares within the last quarter.
Similarly, BOKF NA has raised its holdings in Grand Canyon Education by a slight margin of 1.0% during the first quarter. The company now possesses 11,204 shares valued at $1,276,000 after acquiring an additional 107 shares in the last quarter.
Laffer Tengler Investments also increased its holdings in LOPE during the first quarter by 3.6%. With an addition of just 117 shares to their portfolio, the company’s stock value now amounts to $386,000 for a total share ownership of 3,386.
Intech Investment Management LLC followed suit and elevated its position in Grand Canyon Education by 3.5% during the fourth quarter. The company currently holds 3,885 shares worth $410,000 after purchasing an extra 132 shares.
Lastly but notably Riverwater Partners LLC boosted its stake in Grand Canyon Education by a minor percentage of approximately 1.2% in the first quarter alone. The company obtained an additional share count totaling up to 12,040 and valued at $1,371,000.
It is worth mentioning that these institutions hold a significant proportion of LOPE stock as they collectively own about 96.07% in hedge funds and other institutional investments.
On Tuesday of the same week, shares of LOPE stock opened at a price of $112.82. With a market capitalization of $3.42 billion, the company maintains a reasonable price-to-earnings ratio of 18.31 and a PEG ratio of 1.11, indicating potential value for investors. The beta value stands at 0.59.
Over the past fifty days, Grand Canyon Education has seen its average stock price hover around $111.06; similarly, the 200-day moving average price rests at $110.03.
Grand Canyon Education has had noticeable activity in terms of analysts’ opinions regarding its stock performance. Barrington Research reiterated an “outperform” rating and set a target price of $140.00 on LOPE shares in a research note issued on August 4th.
Additionally, StockNews.com initiated coverage on Grand Canyon Education with a “hold” rating in their research report released on August 17th.
As shareholders continue to monitor the market behavior and investors evaluate their options, industry experts recommend staying up-to-date with recent developments by referring to our latest report on Grand Canyon Education (LOPE).
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