Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Free Report)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $140.23 and last traded at $140.3750, with a volume of 1043895 shares. The stock had previously closed at $141.59.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on LOPE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Barrington Research reissued an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research report on Thursday, April 16th. Finally, Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.00.
View Our Latest Analysis on Grand Canyon Education
Grand Canyon Education Stock Performance
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.08. The firm had revenue of $308.76 million for the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.57 EPS. As a group, equities research analysts expect that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Grand Canyon Education by 6,102.7% during the 4th quarter. Bank of Montreal Can now owns 480,460 shares of the company’s stock valued at $79,905,000 after acquiring an additional 472,714 shares during the period. Norges Bank bought a new position in Grand Canyon Education in the 4th quarter worth $61,919,000. William Blair Investment Management LLC raised its holdings in Grand Canyon Education by 281.9% in the 4th quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock worth $75,362,000 after purchasing an additional 334,486 shares during the period. Reinhart Partners LLC. lifted its position in Grand Canyon Education by 135.3% during the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock valued at $86,303,000 after purchasing an additional 298,409 shares in the last quarter. Finally, UBS Group AG lifted its position in Grand Canyon Education by 523.1% during the fourth quarter. UBS Group AG now owns 194,634 shares of the company’s stock valued at $32,370,000 after purchasing an additional 163,397 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.
Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.
Featured Articles
- Five stocks we like better than Grand Canyon Education
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.
