Grand Canyon Education Inc. (NASDAQ:LOPE) saw an uptick in trading volume on Friday . 386,482 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 249,649 shares.The stock last traded at $42.55 and had previously closed at $42.25.

Several brokerages have recently commented on LOPE. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, August 9th. Piper Jaffray Cos. increased their price objective on Grand Canyon Education from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Grand Canyon Education in a research note on Tuesday, May 10th. Six research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $49.67.

The firm has a market capitalization of $1.97 billion and a P/E ratio of 14.12. The company’s 50 day moving average price is $41.88 and its 200 day moving average price is $41.25.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $191.30 million for the quarter, compared to analysts’ expectations of $189.09 million. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, analysts anticipate that Grand Canyon Education Inc. will post $3.08 EPS for the current fiscal year.

In other Grand Canyon Education news, CEO Brian E. Mueller sold 100,000 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $43.09, for a total transaction of $4,309,000.00. Following the sale, the chief executive officer now directly owns 388,090 shares of the company’s stock, valued at approximately $16,722,798.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph N. Mildenhall sold 22,000 shares of Grand Canyon Education stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $43.36, for a total value of $953,920.00. Following the sale, the insider now directly owns 123,514 shares in the company, valued at $5,355,567.04. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Grand Canyon Education stock. Morgan Stanley boosted its stake in shares of Grand Canyon Education Inc. (NASDAQ:LOPE) by 136.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,202 shares of the company’s stock after buying an additional 17,418 shares during the period. Morgan Stanley owned about 0.07% of Grand Canyon Education worth $1,211,000 as of its most recent filing with the SEC.

Grand Canyon Education, Inc is a regionally accredited university. The Company offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona and at leased facilities and at facilities owned by third-party employers of its students.

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