Grand Canyon Education (NASDAQ:LOPE) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a hold rating to a buy rating in a research note published on Tuesday.

A number of other research firms have also commented on LOPE. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an outperform rating in a research report on Wednesday, August 7th. Barrington Research restated an outperform rating and set a $165.00 price target on shares of Grand Canyon Education in a research report on Wednesday, August 7th.

Grand Canyon Education Trading Up 1.0 %

Grand Canyon Education stock opened at $142.78 on Tuesday. Grand Canyon Education has a 1-year low of $112.38 and a 1-year high of $157.53. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.16 and a beta of 0.69. The firm has a 50 day simple moving average of $145.02 and a 200 day simple moving average of $140.08.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share 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 business had revenue of $227.50 million during the quarter, compared to analyst estimates of $223.56 million. During the same period in the previous year, the business earned $1.01 EPS. Grand Canyon Education’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Grand Canyon Education will post 7.98 EPS for the current year.

Insider Transactions at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education 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 sale, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Grand Canyon Education

A number of hedge funds have recently made changes to their positions in LOPE. Versant Capital Management Inc lifted its holdings in shares of 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 acquiring an additional 283 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 last quarter. GAMMA Investing LLC lifted its holdings in shares of Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after acquiring an additional 202 shares during the last quarter. Quarry LP bought a new stake in Grand Canyon Education in the second quarter worth $109,000. Finally, TFO Wealth Partners LLC lifted its stake in Grand Canyon Education by 85,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after purchasing an additional 852 shares during the last quarter. 94.17% of the stock is 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.