Grand Canyon Education’s (LOPE) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a report published on Monday,Benzinga reports. They currently have a $180.00 price objective on the stock.

LOPE has been the subject of a number of other research reports. Robert W. Baird upped their price objective on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price objective on Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $170.99 on Monday. The firm has a market capitalization of $4.98 billion, a PE ratio of 22.47, a P/E/G ratio of 1.30 and a beta of 0.75. The stock has a 50-day simple moving average of $165.53 and a two-hundred day simple moving average of $151.56. Grand Canyon Education has a 52-week low of $118.48 and a 52-week high of $176.77.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $238.30 million during the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Equities analysts forecast that Grand Canyon Education will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Grand Canyon Education

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC raised its position in Grand Canyon Education by 11.3% during the fourth quarter. Choreo LLC now owns 2,491 shares of the company’s stock valued at $407,000 after purchasing an additional 253 shares during the period. Longboard Asset Management LP purchased a new stake in shares of Grand Canyon Education in the fourth quarter worth approximately $229,000. Calamos Advisors LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter worth approximately $1,742,000. Financial Life Planners purchased a new stake in shares of Grand Canyon Education in the fourth quarter worth approximately $37,000. Finally, Capital Insight Partners LLC raised its holdings in shares of Grand Canyon Education by 18.6% in the fourth quarter. Capital Insight Partners LLC now owns 5,215 shares of the company’s stock worth $854,000 after buying an additional 818 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

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.