Grand Canyon Education (NASDAQ:LOPE) Hits New 52-Week Low – Time to Sell?

Grand Canyon Education, Inc. (NASDAQ:LOPEGet Free Report) reached a new 52-week low on Monday . The stock traded as low as $143.80 and last traded at $145.9340, with a volume of 51130 shares trading hands. The stock had previously closed at $147.49.

Analysts Set New Price Targets

LOPE has been the subject of several research analyst reports. Truist Financial set a $100.00 price target on Grand Canyon Education in a report on Tuesday, June 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. BMO Capital Markets restated an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Finally, Barrington Research restated an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Grand Canyon Education presently has an average rating of “Moderate Buy” and a consensus price target of $180.00.

Check Out Our Latest Report on LOPE

Grand Canyon Education Stock Performance

The stock has a market cap of $3.80 billion, a PE ratio of 17.97, a PEG ratio of 0.98 and a beta of 0.56. The stock has a fifty day moving average price of $161.87 and a 200 day moving average price of $164.43.

Grand Canyon Education (NASDAQ:LOPEGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. The firm had revenue of $308.76 million during 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 quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.57 EPS. As a group, equities analysts anticipate that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GW&K Investment Management LLC boosted its holdings in Grand Canyon Education by 15.6% during the 4th quarter. GW&K Investment Management LLC now owns 736,524 shares of the company’s stock valued at $122,493,000 after acquiring an additional 99,320 shares during the period. AQR Capital Management LLC boosted its holdings in Grand Canyon Education by 30.9% during the 4th quarter. AQR Capital Management LLC now owns 649,269 shares of the company’s stock valued at $107,980,000 after acquiring an additional 153,189 shares during the period. Van Berkom & Associates Inc. boosted its holdings in Grand Canyon Education by 17.2% during the 4th quarter. Van Berkom & Associates Inc. now owns 613,375 shares of the company’s stock valued at $102,010,000 after acquiring an additional 90,070 shares during the period. Geode Capital Management LLC boosted its holdings in Grand Canyon Education by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 578,110 shares of the company’s stock valued at $96,163,000 after acquiring an additional 26,593 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in Grand Canyon Education by 135.3% during the 4th quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock valued at $86,303,000 after acquiring an additional 298,409 shares during the period. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Company Profile

(Get Free Report)

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.

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