Grand Canyon Education’s (LOPE) “Outperform” Rating Reiterated at Barrington Research

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a report released on Friday, Benzinga reports. They currently have a $165.00 price objective on the stock. Barrington Research’s price objective would suggest a potential upside of 15.56% from the stock’s current price.

Other research analysts have also issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.

Grand Canyon Education Stock Up 1.0 %

NASDAQ:LOPE opened at $142.78 on Friday. The stock has a fifty day simple moving average of $145.02 and a 200 day simple moving average of $140.12. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. Grand Canyon Education has a 1-year low of $112.38 and a 1-year high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The firm had revenue of $227.50 million for the quarter, compared to the consensus estimate of $223.56 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Equities analysts predict that Grand Canyon Education will post 7.98 earnings per share for the current year.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LOPE. Private Advisor Group LLC acquired a new position in shares of Grand Canyon Education during the 4th quarter worth about $201,000. BNP Paribas Financial Markets grew its position in shares of Grand Canyon Education by 243.1% in the fourth quarter. BNP Paribas Financial Markets now owns 17,435 shares of the company’s stock valued at $2,302,000 after purchasing an additional 12,353 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Grand Canyon Education by 36.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,376 shares of the company’s stock worth $578,000 after buying an additional 1,172 shares during the period. Janney Montgomery Scott LLC increased its position in Grand Canyon Education by 22.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,510 shares of the company’s stock worth $2,840,000 after acquiring an additional 3,959 shares during the period. Finally, Brown Advisory Inc. bought a new position in shares of Grand Canyon Education during the fourth quarter worth approximately $218,000. 94.17% of the stock is currently owned by institutional investors.

About Grand Canyon Education

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.