Grand Canyon Education, Inc. (NASDAQ:LOPE)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a report issued on Tuesday. They currently have a $89.00 price objective on the stock, up from their previous price objective of $85.00. Barrington Research’s price target would suggest a potential upside of 10.67% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. BidaskClub raised Grand Canyon Education from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Thursday, August 3rd. Finally, ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Grand Canyon Education currently has an average rating of “Buy” and a consensus target price of $78.50.

Grand Canyon Education (LOPE) traded down 1.61% during trading on Tuesday, hitting $80.42. The stock had a trading volume of 191,481 shares. Grand Canyon Education has a 52-week low of $39.07 and a 52-week high of $85.94. The firm has a market cap of $3.87 billion, a PE ratio of 22.20 and a beta of 1.48. The company’s 50 day moving average is $77.75 and its 200 day moving average is $71.34.

Grand Canyon Education (NASDAQ:LOPE) last released its 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. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. The firm had revenue of $218.30 million for the quarter, compared to the consensus estimate of $213.08 million. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s revenue was up 14.1% on a year-over-year basis. Equities research analysts forecast that Grand Canyon Education will post $3.83 earnings per share for the current year.

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In other Grand Canyon Education news, CEO Brian E. Mueller sold 29,788 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $77.12, for a total transaction of $2,297,250.56. Following the sale, the chief executive officer now directly owns 311,312 shares of the company’s stock, valued at approximately $24,008,381.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian E. Mueller sold 30,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $78.22, for a total value of $2,346,600.00. Following the sale, the chief executive officer now directly owns 312,794 shares in the company, valued at $24,466,746.68. The disclosure for this sale can be found here. Insiders have sold a total of 191,116 shares of company stock worth $14,957,552 over the last ninety days. 3.00% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Grand Canyon Education by 24.9% in the second quarter. Principal Financial Group Inc. now owns 22,882 shares of the company’s stock valued at $1,794,000 after buying an additional 4,565 shares during the last quarter. Renaissance Group LLC purchased a new stake in Grand Canyon Education during the second quarter valued at about $364,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Grand Canyon Education by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after buying an additional 139 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Grand Canyon Education by 13.7% in the second quarter. Neuberger Berman Group LLC now owns 10,892 shares of the company’s stock valued at $854,000 after buying an additional 1,309 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Grand Canyon Education during the second quarter valued at about $2,970,000. 95.18% 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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