Grand Canyon Education (NASDAQ:LOPE) Rating Increased to Buy at StockNews.com

Grand Canyon Education (NASDAQ:LOPE) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Other equities analysts have also recently issued reports about the company. Barrington Research reissued an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a report on Wednesday, August 7th. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

Grand Canyon Education Trading Down 0.2 %

Shares of LOPE opened at $141.56 on Tuesday. Grand Canyon Education has a 12-month low of $111.92 and a 12-month high of $157.53. The company has a market cap of $4.21 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. The stock has a 50-day moving average price of $145.01 and a 200-day moving average price of $140.03.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.17. The business had revenue of $227.50 million during the quarter, compared to analyst estimates of $223.56 million. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. Grand Canyon Education’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. As a group, analysts predict that Grand Canyon Education will post 7.98 earnings per share for the current year.

Institutional Investors Weigh In On Grand Canyon Education

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in Grand Canyon Education by 14,150.0% during the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after acquiring an additional 283 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Grand Canyon Education by 710.7% in the second quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after buying an additional 533 shares during the period. GAMMA Investing LLC raised its holdings in Grand Canyon Education by 46.1% during the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock valued at $90,000 after buying an additional 202 shares during the last quarter. Quarry LP purchased a new stake in Grand Canyon Education during the 2nd quarter valued at $109,000. Finally, TFO Wealth Partners LLC grew its holdings in Grand Canyon Education by 85,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after acquiring an additional 852 shares during the last quarter. Institutional investors 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.