Grand Canyon Education (NASDAQ:LOPE) Given Outperform Rating at Barrington Research

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a research report issued on Monday,Benzinga reports. They presently have a $180.00 price objective on the stock. Barrington Research’s price target suggests a potential upside of 4.90% from the company’s previous close.

LOPE has been the topic of several other reports. Robert W. Baird boosted their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets raised their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Grand Canyon Education Stock Up 0.2 %

Grand Canyon Education stock opened at $171.59 on Monday. The firm has a fifty day moving average of $165.53 and a 200-day moving average of $151.48. Grand Canyon Education has a 52-week low of $118.48 and a 52-week high of $176.77. The firm has a market capitalization of $5.00 billion, a P/E ratio of 22.55, a PEG ratio of 1.30 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. On average, research analysts expect that Grand Canyon Education will post 8.03 EPS for the current fiscal year.

Insider Buying and Selling at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares of the company’s stock, valued at $3,516,366.18. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Grand Canyon Education

Institutional investors have recently modified their holdings of the stock. FMR LLC increased its holdings in Grand Canyon Education by 12.0% in the third quarter. FMR LLC now owns 1,323,406 shares of the company’s stock valued at $187,725,000 after buying an additional 141,648 shares during the last quarter. Wasatch Advisors LP lifted its stake in Grand Canyon Education by 15.4% during the third quarter. Wasatch Advisors LP now owns 513,767 shares of the company’s stock worth $72,878,000 after purchasing an additional 68,579 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Grand Canyon Education by 19.5% during the third quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company’s stock worth $37,361,000 after purchasing an additional 43,005 shares during the last quarter. Weiss Asset Management LP bought a new stake in Grand Canyon Education during the third quarter valued at $4,942,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Grand Canyon Education during the third quarter worth $4,833,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.