Grand Canyon Education (NASDAQ:LOPE) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Grand Canyon Education (NASDAQ:LOPE) from a buy rating to a hold rating in a research note published on Saturday.

Several other brokerages have also issued reports on LOPE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Grand Canyon Education in a report on Wednesday. Zacks Research cut Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Barrington Research restated an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Trading Down 0.6%

NASDAQ LOPE traded down $0.95 on Friday, hitting $166.10. 442,940 shares of the company’s stock were exchanged, compared to its average volume of 231,750. The stock has a 50-day moving average of $207.04 and a 200-day moving average of $193.80. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.50 and a beta of 0.74. Grand Canyon Education has a 52 week low of $153.82 and a 52 week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.78 EPS for the quarter, hitting analysts’ consensus estimates of $1.78. The company had revenue of $261.14 million during the quarter, compared to analysts’ expectations of $259.97 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.Grand Canyon Education’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 EPS. Grand Canyon Education has set its FY 2025 guidance at 9.020-9.13 EPS. Q4 2025 guidance at 3.130-3.240 EPS. As a group, analysts predict that Grand Canyon Education will post 8.81 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Grand Canyon Education in the second quarter valued at about $65,736,000. Invesco Ltd. boosted its holdings in Grand Canyon Education by 57.5% in the second quarter. Invesco Ltd. now owns 560,068 shares of the company’s stock valued at $105,853,000 after acquiring an additional 204,582 shares during the last quarter. ABN AMRO Bank N.V. acquired a new stake in Grand Canyon Education during the 2nd quarter valued at approximately $33,910,000. Allianz Asset Management GmbH raised its holdings in Grand Canyon Education by 79.7% during the 1st quarter. Allianz Asset Management GmbH now owns 386,244 shares of the company’s stock worth $66,828,000 after purchasing an additional 171,261 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Grand Canyon Education by 2,453.7% during the 3rd quarter. Pacer Advisors Inc. now owns 126,024 shares of the company’s stock worth $27,665,000 after purchasing an additional 121,089 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Company Profile

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.