Shares of Grand Canyon Education Inc (NASDAQ:LOPE) have been assigned an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $110.00.
Several research analysts recently commented on the company. Sidoti upgraded Grand Canyon Education from a “neutral” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Friday, September 11th. BidaskClub cut Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 18th. BMO Capital Markets boosted their price target on Grand Canyon Education from $102.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Barrington Research reiterated a “buy” rating and issued a $110.00 price target on shares of Grand Canyon Education in a research note on Tuesday, September 1st. Finally, Zacks Investment Research cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, August 19th.
In other news, insider Dilek Marsh sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $99.26, for a total transaction of $198,520.00. Following the sale, the insider now directly owns 25,792 shares in the company, valued at approximately $2,560,113.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack A. Henry sold 2,325 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $86.07, for a total value of $200,112.75. Following the sale, the director now owns 16,319 shares in the company, valued at $1,404,576.33. The disclosure for this sale can be found here. Insiders have sold 6,325 shares of company stock worth $599,253 in the last 90 days. 1.80% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. M&T Bank Corp raised its position in shares of Grand Canyon Education by 1.0% during the 2nd quarter. M&T Bank Corp now owns 12,183 shares of the company’s stock worth $1,103,000 after purchasing an additional 121 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Grand Canyon Education by 3.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,072 shares of the company’s stock worth $369,000 after purchasing an additional 128 shares during the period. FDx Advisors Inc. raised its position in shares of Grand Canyon Education by 3.7% during the 1st quarter. FDx Advisors Inc. now owns 3,979 shares of the company’s stock worth $304,000 after purchasing an additional 141 shares during the period. Algert Global LLC grew its holdings in Grand Canyon Education by 3.7% in the 2nd quarter. Algert Global LLC now owns 4,375 shares of the company’s stock worth $396,000 after buying an additional 156 shares in the last quarter. Finally, NEXT Financial Group Inc grew its holdings in Grand Canyon Education by 6.4% in the 2nd quarter. NEXT Financial Group Inc now owns 2,621 shares of the company’s stock worth $237,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 99.94% of the company’s stock.
Shares of NASDAQ LOPE opened at $86.14 on Thursday. Grand Canyon Education has a 1-year low of $57.89 and a 1-year high of $115.21. The business has a 50-day moving average of $92.73 and a 200-day moving average of $87.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.03 and a beta of 0.51.
Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.14. Grand Canyon Education had a return on equity of 18.04% and a net margin of 31.11%. The company had revenue of $185.80 million during the quarter, compared to the consensus estimate of $179.87 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. Research analysts expect that Grand Canyon Education will post 5.47 EPS for the current fiscal year.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.
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