Grand Canyon Education, Inc. (NASDAQ:LOPE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $180.00.

Several equities analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research report on Thursday, April 16th. BMO Capital Markets restated an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Weiss Ratings cut shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Finally, Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, June 9th.

Hedge Funds Weigh In On Grand Canyon Education

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in shares of Grand Canyon Education by 252.6% in the fourth quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock valued at $2,676,000 after purchasing an additional 11,538 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Grand Canyon Education by 180.2% in the third quarter. American Century Companies Inc. now owns 175,966 shares of the company’s stock worth $38,628,000 after purchasing an additional 113,176 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Grand Canyon Education during the fourth quarter worth $1,338,000. Harbor Capital Advisors Inc. boosted its holdings in Grand Canyon Education by 83.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,257 shares of the company’s stock worth $3,535,000 after purchasing an additional 9,701 shares during the last quarter. Finally, Algert Global LLC grew its position in Grand Canyon Education by 27.9% in the third quarter. Algert Global LLC now owns 144,985 shares of the company’s stock valued at $31,827,000 after purchasing an additional 31,614 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Performance

Shares of Grand Canyon Education stock opened at $152.65 on Friday. The company has a market capitalization of $4.05 billion, a PE ratio of 19.08, a PEG ratio of 1.01 and a beta of 0.57. Grand Canyon Education has a 12 month low of $140.02 and a 12 month high of $223.04. The stock’s fifty day simple moving average is $153.96 and its 200 day simple moving average is $163.21.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.08. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The firm had revenue of $308.76 million for the quarter, compared to analyst estimates of $307.75 million. During the same period in the previous year, the company posted $2.57 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts predict that Grand Canyon Education will post 10.04 EPS for the current fiscal year.

Grand Canyon Education Company Profile

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.