Grand Canyon Education Inc. (NASDAQ:LOPE) saw an uptick in trading volume on Tuesday . 235,984 shares changed hands during trading, a decline of 17% from the previous session’s volume of 283,532 shares.The stock last traded at $39.17 and had previously closed at $40.32.

A number of brokerages have issued reports on LOPE. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Grand Canyon Education in a report on Wednesday, June 8th. Seven investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $47.71.

The firm has a market capitalization of $1.80 billion and a PE ratio of 13.12. The firm’s 50-day moving average price is $41.02 and its 200-day moving average price is $40.37.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.04. The business earned $227 million during the quarter, compared to the consensus estimate of $223.97 million. Grand Canyon Education’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. On average, equities research analysts predict that Grand Canyon Education Inc. will post $3.06 EPS for the current year.

In other news, CFO Daniel E. Bachus sold 17,500 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $41.64, for a total value of $728,700.00. Following the transaction, the chief financial officer now owns 127,860 shares in the company, valued at approximately $5,324,090.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian E. Mueller sold 100,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $41.64, for a total transaction of $4,164,000.00. Following the completion of the transaction, the chief executive officer now owns 388,090 shares in the company, valued at approximately $16,160,067.60. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of LOPE. Bank of Montreal Can boosted its position in shares of Grand Canyon Education by 5.8% in the fourth quarter. Bank of Montreal Can now owns 229,872 shares of the company’s stock valued at $9,222,000 after buying an additional 12,557 shares during the period. Morgan Stanley boosted its position in shares of Grand Canyon Education by 136.2% in the fourth quarter. Morgan Stanley now owns 30,202 shares of the company’s stock valued at $1,211,000 after buying an additional 17,418 shares during the period. Tributary Capital Management LLC boosted its position in shares of Grand Canyon Education by 59.1% in the fourth quarter. Tributary Capital Management LLC now owns 52,200 shares of the company’s stock valued at $2,094,000 after buying an additional 19,400 shares during the period. New York State Common Retirement Fund boosted its position in shares of Grand Canyon Education by 6.0% in the fourth quarter. New York State Common Retirement Fund now owns 45,600 shares of the company’s stock valued at $1,829,000 after buying an additional 2,600 shares during the period. Finally, Oxford Asset Management boosted its position in shares of Grand Canyon Education by 36.9% in the fourth quarter. Oxford Asset Management now owns 88,506 shares of the company’s stock valued at $3,551,000 after buying an additional 23,851 shares during the period.

Grand Canyon Education, Inc is a regionally accredited university. The Company offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona and at leased facilities and at facilities owned by third-party employers of its students.

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