Grand Canyon Education (NASDAQ:LOPE) Stock Rating Reaffirmed by Barrington Research

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research note issued to investors on Friday, Benzinga reports. They presently have a $165.00 price target on the stock. Barrington Research’s price target would indicate a potential upside of 15.56% from the company’s current price.

A number of other brokerages have also issued reports on LOPE. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. BMO Capital Markets upped their target price on Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th.

Grand Canyon Education Stock Up 1.0 %

NASDAQ LOPE opened at $142.78 on Friday. The stock has a market cap of $4.25 billion, a PE ratio of 19.97, a P/E/G ratio of 1.16 and a beta of 0.69. Grand Canyon Education has a fifty-two week low of $112.38 and a fifty-two week high of $157.53. The business has a 50 day moving average price of $145.02 and a two-hundred day moving average price of $140.12.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. Grand Canyon Education’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. Sell-side analysts anticipate that Grand Canyon Education will post 7.98 EPS for the current fiscal year.

Insider Activity 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 transaction 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 $3,202,249.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LOPE. Versant Capital Management Inc boosted its position in shares of Grand Canyon Education by 14,150.0% during the second quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after buying an additional 283 shares during the period. Blue Trust Inc. boosted its position in Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after acquiring an additional 533 shares during the period. GAMMA Investing LLC grew its stake in shares of Grand Canyon Education by 46.1% in the second quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after purchasing an additional 202 shares in the last quarter. Quarry LP bought a new position in shares of Grand Canyon Education in the second quarter worth $109,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Grand Canyon Education by 85,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock valued at $113,000 after purchasing an additional 852 shares during the period. Institutional investors 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.