Grand Canyon Education, Inc. (NASDAQ:LOPE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday, September 1st.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Tuesday, May 9th. BidaskClub downgraded Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Barrington Research increased their price target on Grand Canyon Education from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $78.50.
Shares of Grand Canyon Education (NASDAQ:LOPE) traded up 0.60% on Friday, reaching $81.83. 293,156 shares of the company were exchanged. The company has a 50-day moving average price of $79.99 and a 200 day moving average price of $75.91. Grand Canyon Education has a 1-year low of $39.64 and a 1-year high of $85.94. The stock has a market capitalization of $3.87 billion, a PE ratio of 22.59 and a beta of 1.40.
Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.15. The business 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%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, analysts forecast that Grand Canyon Education will post $3.83 EPS for the current fiscal year.
In related news, COO William Stan Meyer sold 20,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $77.14, for a total transaction of $1,542,800.00. Following the completion of the transaction, the chief operating officer now directly owns 118,459 shares of the company’s stock, valued at $9,137,927.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph N. Mildenhall sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total value of $400,850.00. Following the transaction, the insider now directly owns 88,798 shares of the company’s stock, valued at $7,118,935.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,231 shares of company stock valued at $5,128,139. 3.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its position in Grand Canyon Education by 586.1% during the second quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock valued at $112,000 after purchasing an additional 1,225 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Grand Canyon Education by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after purchasing an additional 139 shares during the last quarter. Fifth Third Bancorp boosted its position in Grand Canyon Education by 10.8% during the first quarter. Fifth Third Bancorp now owns 2,262 shares of the company’s stock valued at $162,000 after purchasing an additional 220 shares during the last quarter. Valley National Advisers Inc. boosted its position in Grand Canyon Education by 23.8% during the first quarter. Valley National Advisers Inc. now owns 2,562 shares of the company’s stock valued at $183,000 after purchasing an additional 492 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Grand Canyon Education by 5.0% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,697 shares of the company’s stock valued at $193,000 after purchasing an additional 129 shares during the last quarter. 96.57% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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