Grand Canyon Education Inc (LOPE) Upgraded by BidaskClub to Hold
Grand Canyon Education Inc (NASDAQ:LOPE) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Monday.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Barrington Research upped their price objective on Grand Canyon Education from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Grand Canyon Education has a consensus rating of “Buy” and a consensus price target of $78.50.
Shares of Grand Canyon Education (LOPE) opened at 81.07 on Monday. The stock has a 50 day moving average price of $77.72 and a 200-day moving average price of $71.13. Grand Canyon Education has a 52-week low of $39.07 and a 52-week high of $83.67. The firm has a market capitalization of $3.90 billion, a PE ratio of 22.38 and a beta of 1.48.
Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.15. The company had revenue of $218.30 million during the quarter, compared to analyst estimates of $213.08 million. Grand Canyon Education had a return on equity of 18.82% and a net margin of 18.25%. Grand Canyon Education’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. Equities analysts forecast that Grand Canyon Education will post $3.83 EPS for the current year.
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In related news, insider Joseph N. Mildenhall sold 6,345 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $79.65, for a total value of $505,379.25. Following the transaction, the insider now owns 96,728 shares in the company, valued at $7,704,385.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian E. Mueller sold 29,788 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $77.12, for a total value of $2,297,250.56. Following the completion of the transaction, the chief executive officer now owns 311,312 shares in the company, valued at approximately $24,008,381.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,461 shares of company stock worth $15,462,932. 3.00% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Affinity Investment Advisors LLC purchased a new position in Grand Canyon Education during the first quarter valued at approximately $203,000. Acadian Asset Management LLC increased its position in Grand Canyon Education by 49.3% in the second quarter. Acadian Asset Management LLC now owns 115,520 shares of the company’s stock valued at $9,059,000 after buying an additional 38,148 shares during the last quarter. Prudential Financial Inc. increased its position in Grand Canyon Education by 75.6% in the first quarter. Prudential Financial Inc. now owns 154,693 shares of the company’s stock valued at $11,078,000 after buying an additional 66,580 shares during the last quarter. Vanguard Group Inc. increased its position in Grand Canyon Education by 5.5% in the first quarter. Vanguard Group Inc. now owns 3,775,228 shares of the company’s stock valued at $270,343,000 after buying an additional 197,721 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in Grand Canyon Education during the first quarter valued at approximately $2,083,000. Institutional investors and hedge funds own 95.66% of the company’s stock.
About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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