StockNews.com began coverage on shares of Grand Canyon Education (NASDAQ:LOPE – Get Rating) in a research note issued to investors on Thursday. The firm issued a hold rating on the stock.
A number of other equities analysts also recently commented on the company. BMO Capital Markets raised their price objective on Grand Canyon Education from $125.00 to $126.00 and gave the stock an outperform rating in a report on Tuesday, February 21st. Barrington Research raised their price objective on Grand Canyon Education from $110.00 to $130.00 and gave the stock an outperform rating in a report on Friday, February 17th.
Grand Canyon Education Stock Performance
NASDAQ LOPE traded down $1.08 during trading hours on Thursday, hitting $109.14. 401,204 shares of the company’s stock were exchanged, compared to its average volume of 220,528. The business’s 50 day moving average is $113.30 and its 200-day moving average is $102.09. Grand Canyon Education has a 12-month low of $78.37 and a 12-month high of $121.60. The firm has a market capitalization of $3.39 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60.
Institutional Investors Weigh In On Grand Canyon Education
Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its stake in shares of Grand Canyon Education by 76.5% in the third quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock valued at $26,000 after buying an additional 137 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Grand Canyon Education by 160.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 300 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares in the last quarter. Bessemer Group Inc. grew its stake in Grand Canyon Education by 85.3% during the 3rd quarter. Bessemer Group Inc. now owns 415 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in Grand Canyon Education during the 4th quarter valued at approximately $39,000. Finally, Signaturefd LLC grew its stake in Grand Canyon Education by 17.8% during the 4th quarter. Signaturefd LLC now owns 849 shares of the company’s stock valued at $90,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.
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