Grand Canyon Education, Inc. (NASDAQ:LOPE) had its price target lifted by Piper Jaffray Companies from $83.00 to $92.00 in a research note published on Wednesday. The firm currently has an overweight rating on the stock.

Several other analysts have also recently issued reports on LOPE. BidaskClub cut shares of Grand Canyon Education from a strong-buy rating to a buy rating in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Grand Canyon Education from a buy rating to a hold rating in a research note on Thursday, July 6th. Barrington Research reissued an outperform rating and set a $89.00 price objective (up from $85.00) on shares of Grand Canyon Education in a research note on Wednesday, August 2nd. ValuEngine raised shares of Grand Canyon Education from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, BMO Capital Markets reissued a buy rating and set a $85.00 price objective on shares of Grand Canyon Education in a research note on Monday, September 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $89.00.

Shares of Grand Canyon Education (LOPE) traded down 0.61% on Wednesday, reaching $87.76. The company had a trading volume of 333,680 shares. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 24.22 and a beta of 1.39. The firm has a 50-day moving average price of $84.39 and a 200 day moving average price of $78.71. Grand Canyon Education has a 1-year low of $40.02 and a 1-year high of $93.08.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.15. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The firm had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $213.08 million. During the same period in the previous year, the company earned $0.59 EPS. Grand Canyon Education’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts predict that Grand Canyon Education will post $3.83 earnings per share for the current year.

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In related news, insider Joseph N. Mildenhall sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total transaction of $400,850.00. Following the completion of the sale, the insider now directly owns 88,798 shares of the company’s stock, valued at approximately $7,118,935.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO William Stan Meyer sold 1,315 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $80.35, for a total transaction of $105,660.25. Following the sale, the chief operating officer now directly owns 99,774 shares of the company’s stock, valued at $8,016,840.90. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in LOPE. Great West Life Assurance Co. Can boosted its position in Grand Canyon Education by 32.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 5,254 shares of the company’s stock worth $375,000 after purchasing an additional 1,300 shares during the period. Karp Capital Management Corp purchased a new stake in Grand Canyon Education during the 1st quarter worth $659,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in Grand Canyon Education by 34.0% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,131 shares of the company’s stock worth $654,000 after purchasing an additional 2,317 shares during the period. American International Group Inc. boosted its position in Grand Canyon Education by 5.3% during the 1st quarter. American International Group Inc. now owns 27,245 shares of the company’s stock worth $1,951,000 after purchasing an additional 1,383 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Grand Canyon Education by 161.0% during the 1st quarter. Neuberger Berman Group LLC now owns 9,583 shares of the company’s stock worth $686,000 after purchasing an additional 5,912 shares during the period. 96.57% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

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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