Grand Canyon Education, Inc. (NASDAQ:LOPE) had its price target hoisted by equities research analysts at Robert W. Baird from $85.00 to $95.00 in a research note issued to investors on Thursday. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 6.13% from the company’s current price.

A number of other research firms also recently commented on LOPE. ValuEngine downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BMO Capital Markets reiterated a “buy” rating and set a $97.00 price target on shares of Grand Canyon Education in a research report on Wednesday, October 25th. Barrington Research increased their price target on Grand Canyon Education from $98.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Piper Jaffray Companies increased their price target on Grand Canyon Education from $83.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Grand Canyon Education presently has a consensus rating of “Buy” and an average price target of $95.40.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. The company had revenue of $236.21 million for the quarter, compared to the consensus estimate of $231.43 million. During the same quarter last year, the business posted $0.62 EPS. Grand Canyon Education’s quarterly revenue was up 12.2% compared to the same quarter last year.

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In related news, insider Joseph N. Mildenhall sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $80.17, for a total value of $400,850.00. Following the sale, the insider now directly owns 88,798 shares in the company, valued at approximately $7,118,935.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO William Stan Meyer sold 1,315 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $80.35, for a total value of $105,660.25. Following the completion of the sale, the chief operating officer now owns 99,774 shares in the company, valued at $8,016,840.90. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LOPE. Quantbot Technologies LP increased its position in Grand Canyon Education by 5,425.0% in the 2nd quarter. Quantbot Technologies LP now owns 2,652 shares of the company’s stock valued at $105,000 after acquiring an additional 2,604 shares during the period. Meeder Asset Management Inc. increased its position in Grand Canyon Education by 586.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock valued at $112,000 after acquiring an additional 1,225 shares during the period. BNP Paribas Arbitrage SA increased its position in Grand Canyon Education by 629.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,087 shares of the company’s stock valued at $123,000 after acquiring an additional 2,664 shares during the period. BlackRock Inc. increased its position in Grand Canyon Education by 127.0% in the 1st quarter. BlackRock Inc. now owns 3,153 shares of the company’s stock valued at $135,000 after acquiring an additional 1,764 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Grand Canyon Education by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 96.78% of the company’s stock.

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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