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

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “outperform” rating reaffirmed by analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They presently have a $180.00 target price on the stock. Barrington Research’s price objective suggests a potential upside of 4.90% from the company’s previous close.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BMO Capital Markets increased their price target on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $171.59 on Monday. Grand Canyon Education has a 12-month low of $118.48 and a 12-month high of $176.77. The business has a 50 day simple moving average of $165.53 and a 200 day simple moving average of $151.48. The firm has a market capitalization of $5.00 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.30 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Research analysts anticipate that Grand Canyon Education will post 8.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the sale, the chief technology officer now owns 21,174 shares of the company’s stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Grand Canyon Education

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of Grand Canyon Education by 12.0% in the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company’s stock worth $187,725,000 after purchasing an additional 141,648 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after buying an additional 68,579 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Grand Canyon Education by 19.5% in the third quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company’s stock worth $37,361,000 after buying an additional 43,005 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Grand Canyon Education in the third quarter valued at $4,942,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $4,833,000. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Company 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.