Grand Canyon Education (NASDAQ:LOPE) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a sell rating to a hold rating in a report published on Thursday, BidAskClub reports.

A number of other brokerages have also recently issued reports on LOPE. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Zacks Investment Research cut ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. Finally, Barrington Research set a $22.00 target price on The Hackett Group and gave the stock a buy rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Grand Canyon Education has a consensus rating of Buy and an average target price of $131.00.

Grand Canyon Education stock opened at $126.47 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.57. Grand Canyon Education has a 52 week low of $90.67 and a 52 week high of $130.10. The firm has a market cap of $6.10 billion, a PE ratio of 24.37, a P/E/G ratio of 1.51 and a beta of 0.82. The stock’s fifty day simple moving average is $121.00.



Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.13. Grand Canyon Education had a return on equity of 21.50% and a net margin of 29.80%. The company had revenue of $197.29 million during the quarter, compared to analysts’ expectations of $195.60 million. During the same quarter in the previous year, the firm earned $1.52 EPS. Grand Canyon Education’s revenue was down 28.4% on a year-over-year basis. As a group, research analysts anticipate that Grand Canyon Education will post 5.24 earnings per share for the current year.

In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $116.50, for a total value of $233,000.00. Following the sale, the insider now owns 60,809 shares in the company, valued at approximately $7,084,248.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph N. Mildenhall sold 19,900 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $113.95, for a total value of $2,267,605.00. Following the completion of the sale, the insider now owns 84,709 shares in the company, valued at approximately $9,652,590.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,900 shares of company stock valued at $10,545,445. Insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Executive Wealth Management LLC bought a new stake in shares of Grand Canyon Education in the 4th quarter valued at about $26,000. Icon Wealth Partners LLC bought a new stake in shares of Grand Canyon Education in the 1st quarter valued at about $63,000. Daiwa Securities Group Inc. grew its position in shares of Grand Canyon Education by 48.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 610 shares of the company’s stock valued at $70,000 after buying an additional 200 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Grand Canyon Education by 29.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 668 shares of the company’s stock valued at $64,000 after buying an additional 150 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Grand Canyon Education in the 1st quarter valued at about $77,000. Hedge funds and other institutional investors own 96.16% of the company’s stock.

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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