Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $157.96 and traded as low as $157.22. Grand Canyon Education shares last traded at $157.31, with a volume of 232,872 shares traded.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Grand Canyon Education in a research note on Tuesday, September 22nd. Barrington Research set a $200.00 price target on Grand Canyon Education in a research note on Friday, July 31st. BMO Capital Markets cut their price objective on Grand Canyon Education from $185.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, October 5th. Finally, Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Grand Canyon Education currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.67.
View Our Latest Research Report on LOPE
Grand Canyon Education Stock Performance
The company’s 50-day moving average price is $153.51 and its 200 day moving average price is $157.96.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.14. The business had revenue of $264.05 million during the quarter, compared to analysts’ expectations of $261.87 million. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.53 EPS. As a group, sell-side analysts expect that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Leonteq Securities AG lifted its holdings in Grand Canyon Education by 48.9% during the first quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after purchasing an additional 64 shares in the last quarter. Financial Life Planners purchased a new position in shares of Grand Canyon Education during the first quarter valued at about $33,000. Rockefeller Capital Management L.P. increased its stake in Grand Canyon Education by 343.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 479 shares of the company’s stock worth $80,000 after acquiring an additional 371 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in Grand Canyon Education during the second quarter valued at $82,000. Finally, Versant Capital Management Inc increased its position in Grand Canyon Education by 71.4% during the third quarter. Versant Capital Management Inc now owns 617 shares of the company’s stock valued at $94,000 after acquiring an additional 257 shares during 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 (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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