Grand Canyon Education, Inc. (LOPE) Given Average Recommendation of “Buy” by Analysts

Grand Canyon Education, Inc. (NASDAQ:LOPE) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $78.50.

A number of research firms recently weighed in on LOPE. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Tuesday, June 6th.

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Shares of Grand Canyon Education (NASDAQ:LOPE) opened at 82.12 on Wednesday. Grand Canyon Education has a one year low of $39.07 and a one year high of $85.94. The firm has a 50-day moving average of $79.22 and a 200-day moving average of $75.53. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 22.67 and a beta of 1.40.

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

In related news, insider Joseph N. Mildenhall sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total value 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 $7,118,935.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian E. Mueller sold 29,788 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $77.12, for a total transaction of $2,297,250.56. Following the completion of the sale, the chief executive officer now directly owns 311,312 shares of the company’s stock, valued at $24,008,381.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,231 shares of company stock valued at $5,128,139. 3.00% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in shares of Grand Canyon Education by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,113 shares of the company’s stock valued at $558,000 after buying an additional 19 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Grand Canyon Education by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 3,619 shares of the company’s stock valued at $284,000 after buying an additional 48 shares during the last quarter. Granite Investment Partners LLC lifted its position in shares of Grand Canyon Education by 0.4% during the second quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock valued at $1,697,000 after buying an additional 87 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Grand Canyon Education by 5.0% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,697 shares of the company’s stock valued at $193,000 after buying an additional 129 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Grand Canyon Education by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after buying an additional 139 shares during the last quarter. 96.57% of the stock is owned by 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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