Grand Canyon Education (NASDAQ:LOPE) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

LOPE has been the topic of several other reports. BMO Capital Markets raised their target price on Grand Canyon Education from $160.00 to $162.00 and gave the company an outperform rating in a report on Wednesday, August 7th. Barrington Research reiterated an outperform rating and set a $165.00 price objective on shares of Grand Canyon Education in a research note on Wednesday, August 7th. Finally, Robert W. Baird boosted their target price on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday, May 8th.

Grand Canyon Education Stock Down 0.8 %

Shares of LOPE stock opened at $139.82 on Thursday. Grand Canyon Education has a fifty-two week low of $108.41 and a fifty-two week high of $157.53. The firm’s 50 day moving average price is $143.65 and its two-hundred day moving average price is $138.49. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.66% and a return on equity of 31.81%. The business had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same quarter in the previous year, the business posted $1.01 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts forecast that Grand Canyon Education will post 7.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LOPE. Versant Capital Management Inc increased its holdings in Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 283 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Grand Canyon Education during the fourth quarter worth approximately $54,000. Daiwa Securities Group Inc. increased its stake in shares of Grand Canyon Education by 41.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 497 shares of the company’s stock worth $66,000 after buying an additional 145 shares during the last quarter. Blue Trust Inc. raised its holdings in Grand Canyon Education by 710.7% in the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock valued at $83,000 after acquiring an additional 533 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Grand Canyon Education during the 4th quarter valued at $101,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

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.