Grand Canyon Education’s (LOPE) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $230.00 target price on the stock.

A number of other equities analysts also recently commented on the company. Weiss Ratings downgraded Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Grand Canyon Education Stock Up 1.8%

Shares of NASDAQ:LOPE opened at $157.32 on Thursday. The firm has a fifty day moving average of $169.52 and a two-hundred day moving average of $184.51. The firm has a market capitalization of $4.27 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 1.04 and a beta of 0.74. Grand Canyon Education has a 12-month low of $149.37 and a 12-month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.02. Grand Canyon Education had a net margin of 19.54% and a return on equity of 33.28%. The business had revenue of $308.12 million for the quarter, compared to the consensus estimate of $307.92 million. During the same period in the prior year, the business posted $2.95 earnings per share. Grand Canyon Education’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts expect that Grand Canyon Education will post 8.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Grand Canyon Education in the third quarter valued at about $29,000. Manning & Napier Advisors LLC acquired a new position in shares of Grand Canyon Education during the 3rd quarter worth about $32,000. International Assets Investment Management LLC bought a new stake in Grand Canyon Education during the 4th quarter valued at approximately $25,000. Toronto Dominion Bank bought a new stake in Grand Canyon Education during the 4th quarter valued at approximately $26,000. Finally, Larson Financial Group LLC grew its holdings in Grand Canyon Education by 70.7% in the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.