Grand Canyon Education, Inc. (NASDAQ:LOPE) had its price target lifted by equities researchers at Piper Jaffray Companies from $83.00 to $92.00 in a research note issued on Wednesday, Marketbeat.com reports. The firm currently has an “overweight” rating on the stock. Piper Jaffray Companies’ price target would suggest a potential upside of 4.19% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price objective on shares of Grand Canyon Education in a research note on Monday, September 18th. Barrington Research reaffirmed an “outperform” rating and set a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a research note on Tuesday, August 8th. Finally, BidaskClub raised shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $89.00.

Shares of Grand Canyon Education (NASDAQ LOPE) traded down 0.38% during mid-day trading on Wednesday, hitting $88.30. 240,384 shares of the stock were exchanged. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 24.37 and a beta of 1.39. The stock’s 50-day moving average is $84.39 and its 200-day moving average is $78.71. Grand Canyon Education has a 52 week low of $40.02 and a 52 week high of $93.08.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.68 by $0.15. The company had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. Grand Canyon Education’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. Analysts forecast that Grand Canyon Education will post $3.83 earnings per share for the current fiscal year.

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In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 5,000 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total transaction of $400,850.00. Following the completion of the sale, the insider now directly owns 88,798 shares in the company, valued at $7,118,935.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO William Stan Meyer sold 1,315 shares of Grand Canyon Education stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $80.35, for a total transaction of $105,660.25. Following the sale, the chief operating officer now owns 99,774 shares of the company’s stock, valued at $8,016,840.90. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Grand Canyon Education by 1.5% during the second quarter. Vanguard Group Inc. now owns 3,831,950 shares of the company’s stock valued at $300,462,000 after purchasing an additional 56,722 shares during the last quarter. BlackRock Inc. lifted its position in Grand Canyon Education by 4.4% during the second quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock valued at $230,620,000 after purchasing an additional 123,665 shares during the last quarter. William Blair Investment Management LLC lifted its position in Grand Canyon Education by 27.7% during the second quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock valued at $161,065,000 after purchasing an additional 445,546 shares during the last quarter. Alliancebernstein L.P. lifted its position in Grand Canyon Education by 15.7% during the second quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock valued at $141,788,000 after purchasing an additional 245,284 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Grand Canyon Education by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,297,810 shares of the company’s stock valued at $92,936,000 after purchasing an additional 78,353 shares during the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

Grand Canyon Education Company Profile

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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