Grand Canyon Education, Inc. (LOPE) Stock Rating Lowered by BidaskClub
Grand Canyon Education, Inc. (NASDAQ:LOPE) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Barrington Research lifted their price objective on shares of Grand Canyon Education from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $77.75.
Shares of Grand Canyon Education (LOPE) traded up 1.07% during midday trading on Wednesday, reaching $77.32. 225,908 shares of the company were exchanged. The company has a market capitalization of $3.64 billion, a PE ratio of 22.83 and a beta of 1.49. Grand Canyon Education has a 52-week low of $39.07 and a 52-week high of $83.00. The stock’s 50-day moving average price is $78.86 and its 200-day moving average price is $70.03.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.11. Grand Canyon Education had a net margin of 17.97% and a return on equity of 21.53%. The company had revenue of $248.20 million for the quarter, compared to the consensus estimate of $244.64 million. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts anticipate that Grand Canyon Education will post $3.66 EPS for the current year.
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In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 6,345 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $79.65, for a total transaction of $505,379.25. Following the transaction, the insider now owns 96,728 shares of the company’s stock, valued at approximately $7,704,385.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian E. Mueller sold 29,788 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $77.12, for a total transaction of $2,297,250.56. Following the transaction, the chief executive officer now directly owns 311,312 shares in the company, valued at approximately $24,008,381.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,461 shares of company stock worth $15,462,932. 3.00% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Grand Canyon Education during the fourth quarter valued at about $2,250,000. AQR Capital Management LLC boosted its position in shares of Grand Canyon Education by 51.2% in the fourth quarter. AQR Capital Management LLC now owns 24,460 shares of the company’s stock valued at $1,430,000 after buying an additional 8,286 shares in the last quarter. Numeric Investors LLC acquired a new position in shares of Grand Canyon Education during the fourth quarter valued at about $251,000. Norges Bank acquired a new position in shares of Grand Canyon Education during the fourth quarter valued at about $13,319,000. Finally, Pekin Singer Strauss Asset Management IL acquired a new position in shares of Grand Canyon Education during the fourth quarter valued at about $8,298,000. 97.45% of the stock is currently owned by institutional investors.
About Grand Canyon Education
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.
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