Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $153.83 and traded as high as $162.97. Grand Canyon Education shares last traded at $162.11, with a volume of 179,467 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Grand Canyon Education in a research report on Tuesday, September 22nd. Barrington Research set a $200.00 target price on Grand Canyon Education in a research report on Friday, July 31st. BMO Capital Markets decreased their target price on Grand Canyon Education from $185.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Finally, Wall Street Zen cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and an average price target of $160.67.
Read Our Latest Stock Analysis on Grand Canyon Education
Grand Canyon Education Trading Down 0.4%
The firm’s 50 day simple moving average is $151.91 and its 200 day simple moving average is $153.76. The firm has a market cap of $4.16 billion, a PE ratio of 19.32, a PEG ratio of 1.06 and a beta of 0.58.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.14. The firm had revenue of $264.05 million for the quarter, compared to analysts’ expectations of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 earnings per share. As a group, equities research analysts predict that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Grand Canyon Education in the 2nd quarter worth about $397,654,000. Reinhart Partners LLC. grew its holdings in Grand Canyon Education by 22.9% during the 3rd quarter. Reinhart Partners LLC. now owns 1,085,326 shares of the company’s stock valued at $164,525,000 after purchasing an additional 202,399 shares during the last quarter. William Blair Investment Management LLC bought a new position in Grand Canyon Education during the 2nd quarter valued at about $148,667,000. Wasatch Advisors LP grew its holdings in Grand Canyon Education by 24.0% during the 2nd quarter. Wasatch Advisors LP now owns 391,960 shares of the company’s stock valued at $56,093,000 after purchasing an additional 75,758 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in Grand Canyon Education by 27.0% in the 1st quarter. Quantinno Capital Management LP now owns 329,160 shares of the company’s stock worth $55,967,000 after purchasing an additional 70,048 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.
About Grand Canyon Education
Grand Canyon Education, Inc (NASDAQ: LOPE) is an education services company that provides technology, operational and support services to colleges and universities. Rather than operating primarily as a traditional university, the company partners with higher education institutions to help them deliver online, hybrid and campus-based academic programs.
Its services include learning technology, digital course development, data analytics, marketing, student enrollment and support, financial aid assistance, faculty support, and other administrative functions.
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