Grand Canyon Education, Inc. (LOPE) Cut to Hold at ValuEngine
Grand Canyon Education, Inc. (NASDAQ:LOPE) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
A number of other equities research analysts have also issued reports on LOPE. BidaskClub lowered shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Thursday, August 3rd. Barrington Research restated an “outperform” rating and set a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Grand Canyon Education in a research report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $79.80.
Shares of Grand Canyon Education (LOPE) traded up 1.81% during mid-day trading on Monday, reaching $92.46. The company’s stock had a trading volume of 297,239 shares. Grand Canyon Education has a one year low of $39.68 and a one year high of $92.70. The stock has a 50 day moving average of $82.68 and a 200-day moving average of $77.76. The stock has a market cap of $4.45 billion, a P/E ratio of 25.54 and a beta of 1.39.
Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.15. The business had revenue of $218.30 million during the quarter, compared to analyst estimates of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. On average, equities research analysts expect that Grand Canyon Education will post $3.83 EPS for the current fiscal year.
In related news, COO William Stan Meyer sold 1,315 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $80.35, for a total transaction of $105,660.25. Following the completion of the transaction, the chief operating officer now owns 99,774 shares in the company, valued at $8,016,840.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian E. Mueller sold 29,788 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $77.12, for a total transaction of $2,297,250.56. Following the transaction, the chief executive officer now owns 311,312 shares of the company’s stock, valued at approximately $24,008,381.44. The disclosure for this sale can be found here. Insiders sold a total of 66,231 shares of company stock worth $5,128,139 over the last 90 days. Company insiders own 3.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of LOPE. FMR LLC lifted its holdings in Grand Canyon Education by 36.9% during the 1st quarter. FMR LLC now owns 4,428,918 shares of the company’s stock worth $317,155,000 after buying an additional 1,192,591 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Grand Canyon Education by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,831,950 shares of the company’s stock worth $300,462,000 after acquiring an additional 56,722 shares in the last quarter. BlackRock Inc. boosted its position in shares of Grand Canyon Education by 4.4% during the 2nd quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock worth $230,620,000 after acquiring an additional 123,665 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Grand Canyon Education by 27.7% during the 2nd quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock worth $161,065,000 after acquiring an additional 445,546 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Grand Canyon Education by 15.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock worth $141,788,000 after acquiring an additional 245,284 shares in the last quarter. Institutional investors own 96.57% of the company’s stock.
Grand Canyon Education Company Profile
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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