Grand Canyon Education (NASDAQ:LOPE) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of Grand Canyon Education (NASDAQ:LOPE) from a hold rating to a sell rating in a research note published on Tuesday, BidAskClub reports.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird set a $145.00 price target on shares of Grand Canyon Education and gave the stock a buy rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of Grand Canyon Education from a hold rating to a buy rating and set a $137.00 price target on the stock in a research note on Friday, August 9th. ValuEngine raised shares of Grand Canyon Education from a hold rating to a buy rating in a research note on Wednesday, September 4th. Finally, Barrington Research set a $145.00 price target on shares of Grand Canyon Education and gave the stock a buy rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $139.25.

Grand Canyon Education stock traded down $0.06 during trading hours on Tuesday, reaching $100.57. 156,568 shares of the stock were exchanged, compared to its average volume of 361,919. The stock has a market cap of $4.86 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.23 and a beta of 0.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96. Grand Canyon Education has a 52-week low of $90.67 and a 52-week high of $132.72. The firm’s 50 day moving average is $115.58 and its 200 day moving average is $118.49.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.15. The company had revenue of $174.82 million during the quarter, compared to the consensus estimate of $173.40 million. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. Grand Canyon Education’s quarterly revenue was down 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. Equities research analysts expect that Grand Canyon Education will post 5.39 EPS for the current fiscal year.

In other news, insider Dilek Marsh sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $126.83, for a total transaction of $126,830.00. Following the transaction, the insider now directly owns 26,624 shares of the company’s stock, valued at approximately $3,376,721.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph N. Mildenhall sold 2,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $108.75, for a total transaction of $217,500.00. Following the completion of the sale, the insider now directly owns 56,809 shares in the company, valued at $6,177,978.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,000 shares of company stock worth $829,730. Corporate insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westpac Banking Corp grew its stake in Grand Canyon Education by 9.8% in the 1st quarter. Westpac Banking Corp now owns 51,592 shares of the company’s stock valued at $5,908,000 after acquiring an additional 4,600 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in Grand Canyon Education by 76.6% in the 2nd quarter. Stephens Investment Management Group LLC now owns 322,857 shares of the company’s stock valued at $37,781,000 after acquiring an additional 140,004 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Grand Canyon Education in the 2nd quarter valued at about $495,000. Tiverton Asset Management LLC grew its stake in Grand Canyon Education by 140.1% in the 2nd quarter. Tiverton Asset Management LLC now owns 5,833 shares of the company’s stock valued at $683,000 after acquiring an additional 3,404 shares during the last quarter. Finally, Tyers Asset Management LLC grew its stake in Grand Canyon Education by 138.9% in the 2nd quarter. Tyers Asset Management LLC now owns 2,408 shares of the company’s stock valued at $282,000 after acquiring an additional 1,400 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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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